Streetbeat News

Credit

WING

Wingstop Inc. plans to enter a new securitized financing facility, including a new series of securitized debt and an upsized variable funding note facility.

Portfolio Pulse from

November 13, 2024 | 2:45 pm

IEP

Icahn Enterprises L.P. announced its intention to offer new senior notes, which could impact its financial structure and investor sentiment.

Portfolio Pulse from

November 13, 2024 | 2:15 pm

ATO

Atmos Energy (ATO) is recommended for investment due to its growth prospects, improved debt management, liquidity, and potential to enhance shareholder value.

Portfolio Pulse from

November 13, 2024 | 2:00 pm

IPW

iPower Inc. has renewed its secured revolving credit facility with JPMorgan Chase, extending the maturity to November 2027. This move provides iPower with continued financial flexibility.

Portfolio Pulse from

November 13, 2024 | 1:45 pm

BK

The Bank of New York Mellon Corporation (BNY) announced the redemption of its 5.224% Fixed Rate / Floating Rate Callable Senior Bank Notes due 2025, with a total principal amount of $750 million.

Portfolio Pulse from

November 13, 2024 | 1:45 pm

ACI

KR

Kroger has extended the expiration date for its exchange offers and consent solicitations for Albertsons Companies' notes, involving a significant amount of new notes and cash.

Portfolio Pulse from

November 13, 2024 | 1:00 pm

SPIR

Spire Global has announced a strategic business update, including the sale of its maritime business for $241 million. The company plans to use the proceeds to eliminate its debt.

Portfolio Pulse from

November 13, 2024 | 12:00 pm

HITI

High Tide Inc. has closed the final tranche of its $15 million subordinated debt facility, raising funds through debentures priced at $900 each. This move is part of the company's strategy to enhance its financial position.

Portfolio Pulse from

November 13, 2024 | 11:15 am

UPST

Upstart has announced the pricing of a $425 million offering of 1.00% convertible senior notes due in 2030. This move is likely aimed at raising capital for future growth and operations.

Portfolio Pulse from

November 13, 2024 | 4:30 am

TPVG

TriplePoint Venture Growth (TPVG) experienced a significant breakout following its Q3 results, marked by a major decline in non-accrual percentage and improved portfolio quality. The BDC's net investment income of $0.35 per share implies a dividend coverage ratio of 1.17X for its $0.30 dividend, leading to an upgrade to a buy rating.

Portfolio Pulse from

November 13, 2024 | 4:15 am