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Credit

UP

Wheels Up Experience Inc. (NYSE:UP) reported its Q3 2024 results, showing improved financial performance due to strategic initiatives. Revenue stabilized at $194 million, with a record adjusted contribution margin of 14.8%. The net loss improved significantly, and a new credit facility backed by Delta Air Lines is expected to strengthen the balance sheet.

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November 07, 2024 | 1:15 pm

IHRT

iHeartMedia, Inc. has entered into a Transaction Support Agreement with certain lenders and holders to strengthen its balance sheet. This move involves iHeartCommunications' outstanding notes and term loans.

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November 07, 2024 | 12:45 pm

LEG

Leggett & Platt, once a Dividend King, cut its dividend by 89% to manage financial headwinds. The company plans to use the saved capital to reduce debt, aiming for a leverage target of 2.0x. By the end of 2024, LEG expects to cover its dividend with free cash flow.

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November 07, 2024 | 12:30 pm

OCGN

Ocugen, Inc. has secured a $30 million credit facility from Avenue Venture Opportunities Fund, L.P. The funds will be used for general corporate purposes, capital expenditures, working capital, and administrative expenses.

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November 07, 2024 | 11:45 am

AMDUF

John O'Toole from Amundi predicts a continued 'sugar rush' to risk assets due to expected Federal Reserve rate cuts and increased spending under President-elect Trump. This could pressure long-term bond yields and the U.S. dollar.

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November 07, 2024 | 8:30 am

MELI

MercadoLibre's Q3 results reveal strong growth in gross merchandise volume, items sold, and its credit portfolio. Mercado Pago users increased by 35% year over year, highlighting expansion in financial services. However, margin pressure has negatively impacted shares.

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November 07, 2024 | 2:30 am

DLR

Digital Realty Trust, Inc. announced the pricing of a $1.0 billion exchangeable senior notes offering through its subsidiary, Digital Realty Trust, L.P. This move is significant for the company's financial strategy.

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November 07, 2024 | 1:00 am

BHLL

Bunker Hill Mining Corp. has closed the third tranche of a silver loan with Monetary Metals Bond III LLC, amounting to $6,321,112, equivalent to 198,777 ounces of silver.

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November 06, 2024 | 11:45 pm

AAAU

The article discusses the potential economic challenges the U.S. might face due to its debt situation, referred to as the 'Doom Loop' trap. It also explores the future of gold and the U.S. dollar under Trump's influence.

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November 06, 2024 | 11:00 pm