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MERC

Mercer International Inc. has announced plans to issue $200 million of senior notes in a private offering.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:11 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS), a leader in providing financial services to the regulated cannabis industry, has announced the launch of its new portfolio of line of credit products for cannabis businesses nationwide.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:07 pm

BHG

Bright Health Group's insurance subsidiaries have entered into repayment agreements with the Centers for Medicare & Medicaid Services (CMS) for an aggregate amount of $380 million. The amount is due 18 months from September 15, 2023, and bears an interest rate of 11.5% per annum. Failure to make payments or entering into liquidation will result in a default.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 11:12 am

SNV

Synovus Financial Corp expects a charge-off of approximately $23M in Q3 due to its 10.75% participation in a $218.5M nationally syndicated credit.

Portfolio Pulse from Charles Gross

September 19, 2023 | 10:07 am

LNT

Alliant Energy has priced a $300 million offering of 5.700% senior debentures due 2033.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:17 am

AER

AerCap Holdings N.V.'s subsidiaries, AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, have priced an offering of senior notes. The offering consists of $900 million aggregate principal amount of 6.100% Senior Notes due 2027 and $850 million aggregate principal amount of 6.150% Senior Notes due 2030.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:13 am

AAPL

GS

Apple Inc. (AAPL) is offering a new incentive for Apple Card users, providing 10% cash back on electric vehicle charging and gas purchases. The promotion is valid until October 5, 2023, and is applicable for up to $6,000 worth of electric vehicle charging. After the promotion period, users can earn 3% cash back at Exxon or Mobil gas stations using Apple Pay. This comes amidst rumors of Goldman Sachs Group (GS), Apple's partner for the Apple Card, looking to exit the venture.

Portfolio Pulse from Chris Katje

September 18, 2023 | 11:20 pm

NIO

NIO Inc. announced a proposed offering of $1 billion convertible senior notes, which led to a decrease in its stock price in the after-hours session. The proceeds from the offering will be used to repurchase a portion of the existing debt securities and to strengthen the company's balance sheet.

Portfolio Pulse from Ryan Gustafson

September 18, 2023 | 9:01 pm

NIO

NIO Inc. has announced a proposed offering of $1B in convertible senior notes, split equally between notes due in 2029 and 2030. The company plans to use the proceeds to repurchase a portion of its existing debt securities and to strengthen its balance sheet. The notes will be senior, unsecured obligations of NIO, and may be converted into cash, American Depositary Shares, or a combination of both.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:29 pm

PIK

KIDPIK has entered into a debt exchange agreement with its CEO, Ezra Dabah. Dabah will exchange $1.2M due on 1,553,800 shares at $0.7723 per share.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:18 pm