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ACGN

Aceragen, Inc. (NASDAQ:ACGN) announced its plans to delist from the Nasdaq, leading to a 30% drop in its stock price. The delisting process will be orderly and subject to stockholder approval at a special meeting scheduled for August 14. The company is also seeking stockholder approval for a transfer and assignment of most of its assets to an assignee for the benefit of creditors.

Portfolio Pulse from Henry Khederian

August 07, 2023 | 2:34 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has refinanced its existing loan facility by entering into a new revolving credit facility of up to $20M with Nordea Bank. The new loan extends the maturity date to 5 years from the signing of the agreement. The proceeds will be used to pay off the currently outstanding debt of $18.8M under the previous loan agreement and for the company's general corporate and working capital requirements. The new loan will mature in 2028 and will be repayable in quarterly instalments of $833,332 for a period of 5 years.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:47 pm

GEVO

Gevo, Inc. (NASDAQ:GEVO) has reached a key milestone for a $950 million loan guarantee from the U.S. Department of Energy (DOE) for its Net-Zero 1 ethanol-to-jet project. The project has been invited to the due diligence and term sheet negotiation phase under the Title 17 Clean Energy Financing Program. This signifies the commencement of the underwriting phase for the debt financing process. However, this invitation does not guarantee that the DOE will issue a loan guarantee.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:15 pm

SYF

Synchrony Financial (SYF) has partnered with Floor & Decor to launch a new credit card program. The details of the program have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:12 pm

VAL

Valaris Limited (NYSE:VAL) and its subsidiary, Valaris Finance Company LLC, plan to offer an additional $350 million in aggregate principal amount of their 8.375% Senior Secured Second Lien Notes due 2030. The proceeds will be used to finance the purchase of drillships VALARIS DS-13 and VALARIS DS-14, and for general corporate purposes. The securities will be offered to qualified institutional buyers and persons outside the United States.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:39 pm

NVST

Envista has announced a proposed convertible senior notes offering, which has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:37 pm

XSHLF

XS Financial Inc. has provided $7.6 million in CAPEX and equipment financing to PharmaCann Inc. This new lease will support PharmaCann's growth plans in its eight-state footprint. The deal is a testament to XS Financial's commitment to the cannabis industry and its dedication to supporting top-tier operators.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 12:17 pm

NVST

Envista Holdings Corporation (NVST) has announced its intention to offer $435 million in aggregate principal amount of convertible senior notes due 2028 in a private offering to qualified institutional buyers.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:44 am

BCBCF

The BC Bud Corporation has closed an initial tranche of its non-brokered private placement, raising $52,500 through the sale of 700,000 units. BC Bud Holdings Corp., a subsidiary of the company, has increased the amount of a secured loan from $100,000 to $150,000 with Sutton Ventures Ltd., and entered into a loan agreement with Cybin Therapeutics Inc. for $60,000. Both Sutton Ventures and Cybin Therapeutics are controlled by directors of the company.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 11:39 am

EWU

The U.K. mortgage rate has increased to 7.68% from the previous rate of 7.54%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:17 am