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Credit

KLPEF

Klepierre and Mercialys, both European retail-focused REITs, reported low-single-digit growth in footfall and tenant sales. Klepierre showed higher net rental income growth. Both face cash flow pressures due to refinancing.

Portfolio Pulse from

November 22, 2024 | 7:00 pm

VZ

Verizon Communications Inc. announced the accepted amounts and pricing terms for its tender offers on six series of debt securities. The offers were made for cash and are subject to conditions outlined in the Offer to Purchase dated November 7, 2024.

Portfolio Pulse from

November 22, 2024 | 5:00 pm

RDNT

RadNet, Inc. has successfully amended its credit facility, resulting in a 0.25% reduction in interest rates. This move is expected to lower the company's financing costs.

Portfolio Pulse from

November 22, 2024 | 4:15 pm

DTV

DirecTV has canceled its planned acquisition of EchoStar's video distribution business, including Dish TV, due to bondholders rejecting a proposed debt swap.

Portfolio Pulse from

November 22, 2024 | 3:15 pm

PMAX

Powell Max Limited has secured a $40 million equity line of credit with Yorkville Advisors, allowing it to issue and sell Class A shares. A $1 million convertible promissory note was also issued.

Portfolio Pulse from

November 22, 2024 | 2:30 pm

BFRI

Biofrontera Inc. has completed a private placement of a $4.2 million senior secured convertible note with its principal shareholders, which may impact its financial stability and future growth.

Portfolio Pulse from

November 22, 2024 | 2:30 pm

CRNC

Cerence's stock has surged following positive Q4 earnings, but risks persist due to a vulnerable balance sheet with $90 million in debt due soon. Growth is expected to be muted next year, though margins and free cash flow are strong.

Portfolio Pulse from

November 22, 2024 | 2:15 pm

SABR

Sabre Corporation announced early results and an increase in the size of its exchange offers for certain senior secured debt securities. The exchange offers involve swapping existing notes for new notes with different terms.

Portfolio Pulse from

November 22, 2024 | 2:00 pm

BTDR

Bitdeer Technologies Group announced the pricing of a $360 million convertible senior notes offering, with an option for an additional $40 million. The notes are due in 2029 and carry a 5.25% interest rate.

Portfolio Pulse from

November 22, 2024 | 1:15 pm

VZ

Verizon Communications Inc. announced early results for its tender offers for six series of debt securities and extended the early participation date to December 9, 2024. The terms and conditions of the offers remain unchanged.

Portfolio Pulse from

November 22, 2024 | 1:15 pm