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A Bloomberg survey indicates that over half of the participants expect U.S. personal consumption to drop by early 2024, marking the first quarterly dip post-pandemic. This could impact retail stocks, which have been booming in 2023. The SPDR Retail ETF (XRT), Carvana Co. (CVNA), Abercrombie & Fitch Co. (ANF), and Amazon.com Inc. (AMZN) have all seen positive returns. The Consumer Discretionary Select Sector SPDR Fund (XLY) and the SPDR S&P 500 ETF Trust (SPY) have also surged, as have Tesla Inc. (TSLA), Royal Caribbean Cruise Ltd. (RCL), and Carnival Corp. (CCL). However, concerns over escalating borrowing costs, depleting consumer savings, and rising debt indicators could pose challenges.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 2:30 pm

HTGC

SENS

Senseonics has secured a $50M loan facility from Hercules Capital, with an immediate drawdown of $25M upon closing the transaction.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:20 pm

WSC

WillScot Mobile Mini (WSC) has announced a $500 million offering of senior secured notes. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:25 am

TSX:BLCO

Bausch + Lomb Corporation (TSX:BLCO) has announced the launch of a $1.4 billion financing initiative for the acquisition of XIIDRA, a non-steroid eye drop product. The financing includes an offering of new senior secured notes due 2028 and a proposed incremental term loan facility. The proceeds will be used to fund the acquisition, pay related fees and expenses, and for general corporate purposes, including debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:09 am

COTY

Coty Inc, along with its subsidiaries, has launched an offering of €500 million aggregate principal amount of senior secured notes. The company intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under its revolving credit facility. As of June 30, 2023, Coty held $283.8 million in cash and equivalents. The company's shares closed lower by 0.44% at $11.31 on Friday.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 9:52 am

COTY

Coty Inc. has announced an offering of €500 million senior secured notes. The proceeds from the offering will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:00 am

FXI

China's new loans for August were reported at 1,360.0B, exceeding the estimated 1,200.0B and significantly higher than the prior figure of 345.9B.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:33 am

NXGN

Private equity firm Thoma Bravo is considering a $1 billion private credit loan to fund its acquisition of NextGen Healthcare Inc. The debt financing would reduce the amount of equity Thoma Bravo needs to put up for the acquisition, but is not required for the takeover to close.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:25 pm

SPY

U.S. Consumer Credit for July was reported at $10.40 billion, significantly lower than the estimated $16.00 billion and the prior figure of $14.02 billion.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:03 pm

OPTHF

Optimi Health (OTCQX:OPTHF) has received approval from Health Canada to supply MDMA and psilocybin drugs to the country's Special Access Program (SAP). The company has also secured CA$1M in private financing through a non-dilutive debt financing agreement. The loan, bearing a 7.5% annual interest rate, is secured against the company's assets and will be fully repaid by August 29, 2026.

Portfolio Pulse from Lara Goldstein

September 08, 2023 | 3:15 pm