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UBS

UBS is reportedly preparing to cut more than half of Credit Suisse's workforce, according to Bloomberg.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 5:33 pm

EQIX

Equinix Inc.'s shares have increased by 5.93% in the past three months. The company's total debt stands at $15.63 billion, with $15.47 billion in long-term debt and $165.32 million in current debt. After adjusting for $2.64 billion in cash-equivalents, the net debt is $12.99 billion. Equinix has $31.27 billion in total assets, making the debt-ratio 0.5. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:31 pm

TRSSF

TerrAscend Corp. (OTCQX: TRSSF) has closed a $25 million commercial loan with Stearns Bank. The loan, which carries an interest rate of prime plus 2.25% and matures in December 2024, will be used to pay down the company's higher interest rate debt, thereby reducing overall interest expense. Stearns Bank extended the loan under its Cannabis Banking Program.

Portfolio Pulse from Maureen Meehan

June 27, 2023 | 4:34 pm

ELTK

Eltek Ltd. (NASDAQ:ELTK) has announced the repayment of its $1.7 million bank debt and plans to accelerate its current investments in production equipment. The company's cash balance is now $7 million.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 11:34 am

CNTG

CENTOGENE will receive a $30 million mandatory convertible loan from Lifera with a six-month term and a conversion price of $2.20 per share. The companies will also enter a strategic collaboration, with CENTOGENE receiving milestone payments and revenue-based royalties until 2033.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 11:32 am

STNG

Scorpio Tankers Inc. (NYSE:STNG) has received commitments from financial institutions for a $1 billion term loan and revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:48 am

COIN

HUT

Hut 8 Mining Corp. (NASDAQ:HUT) has secured a credit facility of up to $50 million from Coinbase Global Inc.'s (NASDAQ:COIN) Coinbase Credit. The credit facility will be used for general corporate purposes, providing Hut 8 with increased financial flexibility.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 5:44 pm

BAC

SPY

Wall Street analysts are revising their expectations for interest rate hikes by the Federal Reserve in 2023, with Bank of America predicting two 25 basis point rate hikes. Bank of America has also recognized the economy's resilience and anticipates significant upward revisions to the U.S. GDP.

Portfolio Pulse from Piero Cingari

June 26, 2023 | 4:37 pm

AMZN

APO

DB

GS

HSBC

LCID

PFE

The Federal Reserve is set to release stress test results for 23 banks, with expectations of sufficient capital levels. Deutsche Bank faces challenges with clients' missing Russian shares. Amazon plans to invest $26 billion in India by 2030. Lucid Group partners with Aston Martin for EV technology. Virgin Galactic announces its first commercial spaceflight crew. Pfizer discontinues one weight loss candidate while continuing another. XPeng plans to unveil its G6 Ultra Smart Coupe SUV. HSBC will exit Canary Wharf and set up a new HQ. Goldman Sachs begins laying off managing directors. Apollo backs Wolfspeed with $2 billion for expansion. JD.com plans to create an autonomous division.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 1:54 pm

CEG

Constellation Energy Inc.'s (NASDAQ:CEG) shares rose by 17.63% in the past three months. The company has a total debt of $6.63 billion, with a net debt of $6.39 billion after adjusting for $237 million in cash-equivalents. Constellation Energy's debt-ratio is 0.14, indicating a low level of financial leverage.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 1:02 pm