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AYRWF

AYR Wellness has reached contingent agreements to defer principal or amortization payments for 2 years on an aggregate principal amount of approximately $69 million of debt obligations. This includes $60.5 million of vendor take-back promissory notes and $4.5 million of other promissory notes. The company has also deferred a $4 million amortization payment due in December 2023.

Portfolio Pulse from Vuk Zdinjak

June 26, 2023 | 12:57 pm

WOLF

Wolfspeed has secured $1.25 billion in note financing from an investment group led by Apollo, with an accordion feature allowing for up to an additional $750 million.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 12:14 pm

HGTY

Hagerty raises $105M in capital, including $80M of convertible preferred equity and a $25M commitment of long-term debt financing for Hagerty Reinsurance Limited. The funds will support growth initiatives, expand product offerings, and invest in technology to improve customer interactions.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 8:18 pm

BKR

Baker Hughes Inc. (NASDAQ:BKR) has seen its shares increase by 7.76% in the past three months. The company's total debt stands at $6.66 billion, with $5.97 billion in long-term debt and $684 million in current debt. After adjusting for $2.42 billion in cash-equivalents, Baker Hughes has a net debt of $4.24 billion. The debt-ratio is 0.19, considering the company's $35.04 billion in total assets.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 7:31 pm

SPY

In a Reuters interview, Federal Reserve Bank of San Francisco President Mary Daly stated that banking contacts are being 'thoughtful' about loan books and careful about balance sheets. She added that credit tightening so far is consistent with what would have been expected without the March banking turmoil.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:35 pm

AMZN

BA

BTCUSD

JPM

MMM

NKLA

A crypto analyst predicts Bitcoin could break $32K due to BlackRock's ETF filing. Nikola continues test road trips despite weak demand and internal conflict. Retailers' subscriptions, including Amazon Prime and Walmart+, face FTC scrutiny. 3M settles a PFAS-related lawsuit for $10.3B. Boeing invests $100M in pilot training in India. JPMorgan pays a $4M penalty for deleting electronic communications.

Portfolio Pulse from Vandana Singh

June 23, 2023 | 1:16 pm

AAPL

INDA

Apple is partnering with HDFC Bank to launch its Apple Card in India, according to MoneyControl. This move will expand Apple's financial services footprint in the country.

Portfolio Pulse from Charles Gross

June 23, 2023 | 10:14 am

LNG

Mizuho analyst Robert Mosca has reiterated a Buy rating on Cheniere Energy (AMEX:LNG) but lowered the price target to $187 from $200. The company has $5.5 billion of debt maturing in 2024/2025, and there will be deliberation on debt paydown versus refinancing in a higher interest rate environment. The analyst lowered FY24 and FY25 adj EBITDA estimates and forecasts additional gross debt paydown.

Portfolio Pulse from Nabaparna Bhattacharya

June 22, 2023 | 5:46 pm

SPY

Federal Reserve Chairman Jerome Powell stated that there is not much evidence of additional credit tightening beyond what has been observed, but the Fed will continue to monitor the situation.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:32 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the stigma associated with the discount window has decreased slightly. The discount window is a tool used by the Fed to provide short-term loans to banks.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:32 pm