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LSEA

Landsea Homes Corporation (NASDAQ:LSEA) has raised $250 million through a private placement of 11% senior notes due 2028. The notes will be guaranteed by most of the company's subsidiaries. The proceeds will be used to pay down a portion of the outstanding borrowings under its revolving credit facility and for working capital and general corporate purposes.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 12:09 pm

MS

Morgan Stanley's Q2 provision for credit losses has increased to $161M, up from $101M year-over-year.

Portfolio Pulse from Bill Haddad

July 18, 2023 | 11:31 am

BAC

Bank of America has reported a Q2 provision for credit losses of $1.125 billion, up from $523 million year-over-year.

Portfolio Pulse from Bill Haddad

July 18, 2023 | 10:47 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has warned of a potential depression and advised caution for those whose futures depend on stocks and bonds. He sees signs of a severe crash in these markets and urges investors to seek professional advice. Kiyosaki's warning comes amid increasing economic uncertainty and aligns with his previous prediction of Bitcoin's rise as an alternative investment. He has predicted that Bitcoin could reach $120,000.

Portfolio Pulse from Benzinga Neuro

July 18, 2023 | 6:22 am

SPY

World Bank Chief, Banga, has announced new plans to increase the institution's lending capacity. The details of the plan are not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:36 am

CGC

Canopy Growth Corp. (NASDAQ:CGC) has received a non-compliance notice from NASDAQ due to its shares' closing bid price remaining below $1 per share for 30 consecutive business days. The company has been granted a 180-day period to regain compliance. To address this, Canopy Growth plans to seek approval for a share consolidation plan and may consider a reverse stock split. The company has also entered into agreements to reduce its total debt by approximately $437 million over the next six months.

Portfolio Pulse from Joana Scopel

July 17, 2023 | 9:42 pm

GSK

GSK Inc.'s shares have decreased by 5.32% in the past three months. The company's total debt stands at $40.48 billion, with $31.30 billion in long-term debt and $9.18 billion in current debt. After adjusting for $6.25 billion in cash-equivalents, the net debt is $34.24 billion. GSK's total assets are $105.74 billion, making the debt-ratio 0.38. A higher debt-ratio can imply a risk for default if interest rates increase.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:45 pm

TLK

Telkom Indonesia Inc. (NYSE:TLK) has seen its shares fall by 9.48% in the past three months. The company's total debt stands at $4.82 billion, with $3.23 billion in long-term debt and $1.59 billion in current debt. After adjusting for $1.31 billion in cash-equivalents, the net debt is $3.51 billion. The company's debt-ratio is 0.28, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:15 pm

BECN

Beacon Roofing Supply Inc (NASDAQ:BECN) has commenced a private offering of $500 million of senior secured notes due 2030. The proceeds will be used to repurchase all 400,000 outstanding shares of Series A Cumulative Convertible Participating Preferred Stock held by an entity affiliated with the Clayton Dubilier & Rice, LLC investment firm for an aggregate cash amount equal to $804.5 million. The company held $74.2 million in cash and equivalents as of March 31, 2023.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 1:56 pm

VRSK

Verisk Analytics Inc. (NASDAQ:VRSK) has seen its shares rise by 17.69% over the past three months. The company's total debt stands at $2.84 billion, with net debt at $2.61 billion after adjusting for $231.90 million in cash-equivalents. The company's debt-ratio is 0.68, indicating a considerable portion of debt is funded by assets. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 1:45 pm