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Elon Musk's acquisition of Twitter (now X) has reportedly lost 90% of its value. General Motors' wage offer has been branded as 'insulting' by UAW President Shawn Fain. Stellantis has opened its first Battery Technology Center in Italy. Kroger and Albertsons have agreed to sell select assets to C&S Wholesale Grocers for $1.9 billion. Kroger also reported a Q2 sales decline and reached a settlement for opioid claims. UK's NICE has endorsed Eli Lilly's diabetes medication, Mounjaro. Hooker Furnishings reported a Q2 sales decline. PVH Corp's subsidiary, Calvin Klein, has signed a licensing deal with Revman. Apple has responded to the discovery of zero-day exploits. Workers at Chevron's LNG projects in Australia have gone on strike. Zoom has engaged with regulators over Microsoft's perceived anticompetitive behavior. Google has cut ties with Joshua Wright over sexual harassment allegations. Goldman Sachs is preparing for another round of job cuts. Spotify plans to offer free audiobooks to its paying subscribers. Carl Icahn has shown support for Illumina's new CEO.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 2:32 pm

Kroger's CEO has stated that sustained inflation, reduced government benefits including SNAP, and higher interest rates have put pressure on customer spending.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 2:07 pm

TSE

Trinseo (NYSE:TSE) has completed a transaction to refinance its $660M 2024 term loan and $385M of 2025 senior notes. The company has secured $1.077 billion in term loan financing arranged by Angelo, Gordon & Co., L.P., Oaktree Capital Management, L.P., and Apollo Global Management, Inc. The proceeds will be used to refinance the entirety of the company's outstanding 2024 term loan and $385 million of its existing $500 million 2025 Senior Notes.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 1:54 pm

ASPS

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has priced its underwritten public offering of 4.8 million shares at $3.60 per share, a 10% discount to the company’s closing price as of September 7. The gross proceeds are expected to be approximately $17.5 million. The company intends to use the net proceeds for general corporate purposes, including repayment of $10 million of indebtedness. The offering is expected to close on September 12, 2023.

Portfolio Pulse from Shivani Kumaresan

September 08, 2023 | 12:48 pm

IMPL

Impel Pharmaceuticals has entered into a second amendment to its credit agreement, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:40 pm

AEIS

Advanced Energy Industries, Inc. (AEIS) has announced the pricing of $500 million of 2.50% convertible senior notes due 2028. The sale of the notes is expected to close on March 5, 2021, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:21 am

GNS

Genius Group has announced that the outstanding balance of the $18.13M Senior Secured Convertible Note signed in August 2022 has been reduced to a current balance of $53,344.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:07 am

STX

Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings plc (NASDAQ:STX), has priced its offering of $1.3 billion aggregate principal amount of exchangeable senior notes due 2028 at 100% of the aggregate principal amount. The notes will bear interest at a rate of 3.50% per annum. The company has also granted the initial purchasers an option to purchase up to an additional $200 million aggregate principal amount of notes to cover over-allotments.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:01 am

IMPL

Impel Pharmaceuticals has entered into the second amendment to its credit agreement and guaranty and revenue interest financing agreement with Oaktree Fund Administration and the existing and new lenders.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:56 am

VSH

Vishay Intertechnology has priced its offering of $650 million of 2.25% convertible senior notes due 2030.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:40 am