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TUP

Tupperware Brands has announced a debt restructuring agreement, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:58 pm

TUP

Tupperware Brands Corp (NYSE:TUP) announced a debt restructuring agreement, which includes a reduction and reallocation of approximately $150 million of cash interest and fees, an extension of the stated maturity of about $348 million of principal, and access to a revolving borrowing capacity of approximately $21 million. The stock surged more than 430% last month amid increased support from retail investors and was up 43.50% after hours following the announcement.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 2:48 pm

TUP

Tupperware Brands has announced a debt restructuring agreement, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:48 pm

TUP

Tupperware Brands Corp has secured an agreement that provides immediate access to a revolving borrowing capacity of approximately $21M. The agreement also reduces the amortization payments required to be paid through fiscal year 2025 by about $55M.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:43 pm

TUP

Tupperware Brands has announced a debt restructuring agreement that will reduce and reallocate approximately $150 million of cash interest and fees. The agreement also extends the stated maturity of about $348 million of principal, reallocated interest, and fees to FY27.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:37 pm

CMPS

HTGC

COMPASS Pathways (NASDAQ:CMPS) reported Q2 2023 financial results, with cash and cash equivalents totaling $148.2 million, up from $143.2 million in Dec. 2022. The company's Q2 financing included $26.9 million through an ATM facility and $28.8 million through a term loan agreement with Hercules Capital (NYSE:HTGC). The company reported a net loss of $28.3 million for Q2 and $52.5 million for H1 2023. CEO Kabir Nath highlighted steady progress across the business, including ongoing Phase 3 COMP360 psilocybin trials in Treatment-Resistant Depression (TRD).

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 2:24 pm

BAC

Bank of America (BAC) has withdrawn its earlier forecast of an impending recession, citing a strong job market and robust consumer spending. The bank's CEO, Brian Moynihan, expressed optimism about the economic climate. However, he also expressed concerns about the proposed new capital requirements for the largest US banks, warning they could risk pushing more banking activity outside of well-regulated sectors.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 2:15 pm

BAC

SPY

Bank of America CEO, Moynihan, stated that lending conditions have tightened following the Federal Reserve's interest rate hikes. However, he also noted that inflation is coming down.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:38 pm

TBF

TBT

TBX

TMW

TTT

TYO

Bill Ackman, CEO of Pershing Square Capital Management, is shorting long-term U.S. Treasuries, predicting that 30-year yields could rise to 5.5%. He attributes this to structural changes in the economy that could trigger higher long-term inflation, the U.S. government's $32-trillion debt, and large deficits. He also mentions Japan's exit from yield curve control and concerns about US governance as potential factors. Several ETFs allow investors to take short positions on U.S. Treasury securities, including TMW, TBF, TTT, TBT, TBX, and TYO.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 1:15 pm

RVYL

RYVYL Inc. (NASDAQ:RVYL) has completed the first of two exchange transactions under an Exchange Agreement, reducing its debt and increasing shareholder equity and cash flow. The company issued 6,000 shares of Series A Convertible Preferred Stock to an existing noteholder in exchange for $4,297,000 of the outstanding principal balance of the Note and $1,703,000 of accrued interest. The remaining $16,703,000 in principal is to be exchanged for 9,000 shares of Series A Convertible Preferred Stock at an additional closing, subject to certain conditions.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:12 pm