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IRNT

C5 Partners and an institutional investor have proposed a joint venture to Ironnet's board of directors to provide funding for Ironnet's operational shortfalls until the completion of a proposed recapitalization. Post completion, the JV and co-investors would provide additional capital infusion to Ironnet.

Portfolio Pulse from Charles Gross

June 16, 2023 | 10:16 am

XAIR

Beyond Air (NASDAQ:XAIR) has secured up to $40 million in senior secured debt financing from funds managed by Avenue Capital Group. The funding will support the commercial launch of LungFit PH and advance the clinical development of the LungFit platform.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:19 pm

ATIP

ATI Physical Therapy (NYSE:ATIP) has completed its Transaction Support Agreement (TSA) to increase liquidity and financial flexibility. The TSA enables ATI to obtain a $25 million delayed draw facility and exchange $100 million of first lien term loan into new second lien PIK exchangeable notes.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:07 pm

TLT

UUP

Two major investment banks, Goldman Sachs and Bank of America, predict the Federal Reserve will resume hiking interest rates as soon as July. Goldman Sachs expects a peak fed funds rate of 5.25%-5.5%, while Bank of America anticipates two more rate hikes, reaching a terminal rate of 5.5%-5.75%.

Portfolio Pulse from Piero Cingari

June 15, 2023 | 4:26 pm

VGK

European Central Bank (ECB) President Christine Lagarde stated that the bank is not considering pausing and is very likely to increase rates in July, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:07 pm

VGK

The European Central Bank (ECB) has raised the interest rate on its marginal lending facility to 4.25%, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:17 pm

FINV

FinVolution's subsidiary AdaKami has signed a strategic cooperation with Bank OCBC NISP to drive innovation in the digital financial ecosystem and facilitate credit access in Indonesia. The partnership will expand the company's financing facility by 100 billion Rupiah.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 9:06 am

MCHI

Jim Cramer, CNBC's Mad Money host, commented on China's economy after the People's Bank of China cut the rate on one-year medium-term lending facility loans by 10 basis points to 2.65%. Cramer suggested that any stimulus plan would need help from the West and that China needs more factories to absorb its young demographic.

Portfolio Pulse from Shanthi Rexaline

June 15, 2023 | 8:58 am

MTB

M&T Bank has announced its plan to transition outstanding U.S. Dollar LIBOR-linked securities to CME Term SOFR as the replacement reference rate.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:07 pm

SPY

Jeffrey Gundlach, CEO of DoubleLine Capital, suggests that it's the perfect time to upgrade fixed income portfolios, recommending a 60% allocation to bonds.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:45 pm