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MAR

Marriott Intl Inc. (NASDAQ:MAR) has seen its shares rise by 11.71% over the past three months. The company's total debt stands at $10.66 billion, with $10.30 billion in long-term debt and $358.00 million in current debt. After adjusting for $554.00 million in cash-equivalents, the net debt is $10.10 billion. The company's debt-ratio is 0.43, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:17 pm

BZAMF

BZAM Ltd. has completed the sale of Galaxie Brands Corporation for $556,522. In conjunction with this, BZAM and its lender have agreed to amend the terms of their credit agreement. The amendments include changes to the EBITDA financial covenant, reduction of the term portion of the credit facility, and prepayments on the term portion of the credit facility.

Portfolio Pulse from Vuk Zdinjak

July 05, 2023 | 3:40 pm

KHC

Kraft Heinz Inc.'s (NASDAQ:KHC) shares have decreased by 8.91% over the past three months. The company's total debt stands at $20.42 billion, with net debt at $19.59 billion after adjusting for cash-equivalents. The debt-ratio, a measure of financial leverage, is at 0.22 considering the company's total assets of $90.94 billion. Debt is an important factor in a company's capital structure and can help it attain growth, but it can also impact cash-flow due to interest-payment obligations.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 1:47 pm

KDP

Keurig Dr Pepper Inc.'s (NASDAQ:KDP) shares have dropped by 10.70% over the past three months. The company's total debt stands at $12.24 billion, with net debt at $12.04 billion after adjusting for $204 million in cash-equivalents. The company's debt-ratio is 0.24, indicating a moderate level of financial leverage. While debt can contribute to a company's growth, it can also pose risks if interest rates increase.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 1:32 pm

PLAY

Dave & Buster's Entertainment Inc (NASDAQ:PLAY) has amended its credit agreement, upsizing the Term Loan B facility to $900 million. The amendment will reduce the interest rate margin applicable to term loans and revolving loans by 1.25%. The additional upsize proceeds will be used for general corporate and working capital purposes. PLAY shares are trading lower by 0.20% at $44.50 in premarket on the last check Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 05, 2023 | 1:28 pm

CPE

Callon Petroleum Co (CPE) has completed its acquisition of Delaware Basin assets and divestiture of Eagle Ford assets. The company bought Delaware Basin assets for $249 million in cash and around 6.3 million of its common shares, and sold Eagle Ford assets for $551 million in cash. The transactions have reduced the company's debt by $300 million and initiated a shareholder return plan. The company also announced a two-year, $300 million share repurchase program, with the first shares expected to be repurchased in Q3 2023.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 1:07 pm

BIG

Big Lots, Inc. (NYSE:BIG) has entered into a $318M sale and leaseback agreement with Blue Owl Capital for its distribution center in Apple Valley, CA, and 26 owned store locations. The transaction is expected to close within 45 days. The company plans to use the net proceeds to pay down its synthetic lease on the Apple Valley distribution center and to pay down debt on its asset-based lending revolving credit facility.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:11 pm

CMPS

HTGC

Compass Pathways has secured a term loan agreement with Hercules Capital for up to $50M to support its COMP360 Phase 3 program in treatment-resistant depression. The initial data is expected in the summer of 2024. COMPASS drew an initial $30 million at closing on June 30, 2023, with an additional $20 million available in two tranches of up to $10 million each.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:06 am

REI

Ring Energy, Inc. (NYSE:REI) has announced a $25 million net reduction of borrowings on its senior revolving credit facility, which has a current borrowing base of $600 million. The company also announced the sale of its non-core asset position in the West Texas' Delaware Basin to an unaffiliated private buyer.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:47 am

CAR

Avis Budget Group, Inc. (NASDAQ:CAR) plans to offer €400 million of senior notes due 2030 through its subsidiary, Avis Budget Finance plc. The proceeds will be used to redeem all outstanding 4.125% senior notes due 2024 and pay related fees and expenses, with the remainder for general corporate purposes, potentially including debt repayment.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 9:42 am