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RWT

Redwood Trust has announced the pricing of a public offering of $85 million of its 9.00% Senior Notes due 2029. The company plans to use the net proceeds for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:47 pm

WSC

WillScot Mobile Mini's subsidiary has priced an offering of $500 million of 6.625% senior secured notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:02 pm

FXI

KRE

XLF

Treasury Secretary Yellen has expressed concerns over the stability of smaller banks and the impact of sanctions. Large financial firms are working to comply with Russia sanctions, while major Chinese banks emphasize the importance of correspondent relationships. Smaller banks are focused on maintaining access to the dollar.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:57 pm

SPY

The USA 30-Year Bond Auction yield has decreased to 4.403% from the previous 4.635%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:05 pm

TLT

Goldman Sachs reaffirms its forecast for two interest rate cuts in 2024, starting in September, despite the Federal Reserve's hawkish surprise in its June meeting. The Fed acknowledged modest progress on inflation, which has dropped significantly. Market participants now see a high probability of rate cuts, pushing bond yields down and equity indices up. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has risen over 2% for the week.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 4:26 pm

BURU

NUBURU, Inc. (NYSE: BURU) CEO Brian Knaley announced strategic realignments and growth milestones, including a 25% reduction in outstanding debt, increased orders, workforce realignment, and new funding relationships.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:44 pm

HITI

High Tide Inc. (NASDAQ:HITI) has secured $10.1 million in debt financing through binding subscription agreements with institutional credit providers. The financing will be used to repay outstanding convertible debentures and support the company's expansion and working capital needs. The financing is structured in two tranches, with the first tranche of CA$10 million closing by June 30, 2024, and the second tranche of CA$5 million in November 2024.

Portfolio Pulse from Nina Zdinjak

June 13, 2024 | 12:18 pm

GTHX

In the last three months, 8 analysts have published ratings on G1 Therapeutics (NASDAQ:GTHX), all of which are bullish. The average 12-month price target is $10.88, with a high of $12.00 and a low of $9.00. The company's financial health shows mixed results, with strong revenue growth but challenges in debt management and return on equity.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 12:00 pm

SCNI

Scinai Immunotherapeutics has received a non-binding Letter of Intent (LoI) from the European Investment Bank (EIB) to convert its loan into equity. This move could potentially strengthen Scinai's financial position and support its ongoing projects.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:21 am

GTLS

Chart Industries, Inc. (NYSE:GTLS) has successfully repriced its $1.63 billion senior secured term loan, reducing the interest rate and removing a credit spread adjustment. This move is expected to save the company approximately $14 million annually in interest expenses.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:35 am