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Credit

CLMT

Calumet, Inc. announced the expiration and final results of its private exchange offer for its 11.00% Senior Notes due 2025, exchanging them for new notes due 2026.

Portfolio Pulse from

November 22, 2024 | 1:00 pm

FLNG

FLEX LNG reported a decrease in year-over-year revenue for 3Q24 but an increase in quarter-over-quarter revenue. Despite a high dividend yield, the company's high debt levels and payout ratio have led to a rating downgrade.

Portfolio Pulse from

November 22, 2024 | 6:30 am

EAF

GrafTech International Ltd. has announced the commencement of exchange offers and consent solicitations for its subsidiaries' senior secured notes due 2028.

Portfolio Pulse from

November 22, 2024 | 5:00 am

DISH

The proposed merger between DirecTV and Dish Network has collapsed as creditors opposed the plan, which would have reduced their holdings. This merger was intended to support the struggling satellite-TV companies.

Portfolio Pulse from

November 22, 2024 | 3:30 am

EC

Ecopetrol S.A. has completed the redemption of its 5.375% notes due 2026, originally issued in 2015.

Portfolio Pulse from

November 22, 2024 | 2:45 am

T

DirecTV will terminate its planned acquisition of Dish TV due to bondholders rejecting a necessary debt swap, as reported by Axios.

Portfolio Pulse from

November 22, 2024 | 2:30 am

USAC

USA Compression Partners may benefit from the Trump administration's pro-fossil fuel policies. However, their free cash flow is insufficient to cover distribution payments, indicating reliance on debt funding.

Portfolio Pulse from

November 21, 2024 | 11:00 pm

DWS

Diamond Estates Wines & Spirits Inc. has announced a further amendment to its credit agreement with Bank of Montreal, effective November 15, 2024. This amendment involves changes to the company's credit facilities.

Portfolio Pulse from

November 21, 2024 | 10:15 pm

EXE

Expand Energy Corporation announced the pricing of its $750 million senior notes offering at 5.700% due 2035. The proceeds will be used to fund a tender offer and redemption of existing notes, with any remaining funds for general corporate purposes.

Portfolio Pulse from

November 21, 2024 | 10:00 pm