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BGS

B&G Foods, Inc. (NYSE:BGS) plans to offer $500 million of senior secured notes due 2028, subject to market conditions. The notes will be guaranteed by certain domestic subsidiaries of B&G Foods and secured by a first-priority security interest in certain collateral. The proceeds will be used to redeem a portion of B&G Foods' 5.25% senior notes due 2025 and pay related fees and expenses.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:43 pm

DO

Diamond Offshore Drilling, Inc. (NYSE:DO) plans to offer $500 million in Senior Secured Second Lien Notes due 2030. The proceeds will be used to repay and terminate its term loan credit facility, redeem its Senior Secured First Lien PIK Toggle Notes due 2027, and repay all borrowings under its senior secured revolving credit agreement. Any remaining proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:41 pm

VST

Vistra Corp. (NYSE:VST) has announced the launch of senior secured notes due 2033 and senior unsecured notes due 2031 in concurrent private offerings to qualified institutional buyers and certain non-U.S. persons. The offerings are pursuant to Rule 144A under the Securities Act of 1933, as amended, and Regulation S under the Securities Act.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:09 pm

WFC

Wells Fargo's CFO has stated that the bank's overall real estate portfolio is performing well, with no systematic stress observed, except for some stress in the office space sector.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 11:57 am

WFC

Wells Fargo's CFO has stated that the bank expects its deposits to decrease over the course of the year.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 11:41 am

DOGEUSD

TWTR

Elon Musk's new biography reveals his skepticism about using blockchain technology for Twitter, despite his interest in cryptocurrencies like Dogecoin. The book also discusses Sam Bankman-Fried, former CEO of FTX, and his enthusiasm for incorporating blockchain into Twitter. Musk's primary banker at Morgan Stanley, Michael Grimes, tried to facilitate a meeting between Musk and Bankman-Fried, who was willing to contribute $5 billion to the potential acquisition of Twitter.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 9:39 am

TMUS

T-Mobile US has announced a $2 billion senior notes offering, which includes $1 billion of 5.750% senior notes due 2034 and $1 billion of 6.000% senior notes due 2054.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:35 am

HPQ

HP has filed an amendment to its annual report on Form 10-K for the fiscal year ended October 31, 2022. The company identified material weaknesses in its internal control over financial reporting and concluded that these weaknesses were present as of October 31, 2022.

Portfolio Pulse from Charles Gross

September 11, 2023 | 9:16 pm

ALGOUSD

CELUSD

Bankrupt cryptocurrency lending company, Celsius, is likely to appoint former Algorand CEO Steve Kokinos to its successor company. The new company, currently named 'NewCo', will be registered under a Delaware corporation. Its board of directors includes executives from WeWork, Credit Suisse and UBS. Celsius filed for bankruptcy protection as it owed billions to investors during the crypto downturn. Celsius creditors are in favor of Fahrenheit’s proposed takeover, which could allow investors to recover some of their lost funds.

Portfolio Pulse from Khyathi Dalal

September 11, 2023 | 8:28 pm

BAC

SPY

Bank of America's CFO has stated that loan growth is slowing down, particularly on the commercial side.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:15 pm