Streetbeat News

Credit

AFCG

Advanced Flower Capital Inc. (Nasdaq:AFCG) has provided a $15 million senior secured credit facility to Story of Ohio LLC, a subsidiary of Story Companies. This move supports Story's cannabis cultivation and retail operations.

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February 18, 2025 | 1:15 pm

CCL

CUK

Carnival Corporation & plc is redeeming its existing $1.0 billion 10.500% senior unsecured notes due 2030 and launching a new notes offering to reduce interest expenses.

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February 18, 2025 | 12:45 pm

WGO

Winnebago Industries, Inc. has announced an increase in the size of its cash tender offer for its 6.25% Senior Secured Notes due 2028, along with early results of the offer.

Portfolio Pulse from

February 18, 2025 | 12:15 pm

VICI

VICI Properties, owning 93 properties including Caesars Palace, generates $1.2 billion in rent from Caesars and has diversified into experiential sectors. With a strong balance sheet and consistent growth in AFFO and dividends, VICI is well-positioned for future growth.

Portfolio Pulse from

February 18, 2025 | 12:15 pm

DKNG

DraftKings Inc. has announced the launch of a $500 million Term Loan B facility, subject to market conditions.

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February 18, 2025 | 12:00 pm

O

Realty Income is recommended for conservative dividend investors due to its 5.8% monthly dividend and strong credit ratings. To hedge interest rate sensitivity, pairing with CLO funds yielding 5.6-7.6% is suggested.

Portfolio Pulse from

February 18, 2025 | 11:45 am

OCPNY

Monroe Capital LLC has acted as a joint lead arranger for a senior credit facility to support Olympus Partners' acquisition of Accelevation Holding Company, LLC. Accelevation provides infrastructure products and services to the data center market.

Portfolio Pulse from

February 18, 2025 | 11:15 am

FANG

Diamondback Energy, Inc. (NASDAQ: FANG) has announced a definitive agreement to acquire subsidiaries of Double Eagle IV Midco, LLC for approximately 6.9 million shares of Diamondback stock and $3 billion in cash. The cash will be funded through cash on hand, credit facility borrowings, and/or term loans and senior notes.

Portfolio Pulse from

February 18, 2025 | 11:15 am

NNN

NNN REIT is a stable income-generating REIT with a 5.7% yield, despite slower growth compared to peers. It offers reliable dividend growth, a strong balance sheet, and a BBB+ credit rating, making it an attractive investment for income-focused investors.

Portfolio Pulse from

February 18, 2025 | 10:30 am

QRTEA

QRTEB

QRTEP

Qurate Retail, Inc. announced a semi-annual interest payment and Regular Additional Distribution for its 3.75% Senior Exchangeable Debentures due 2030. The payment is $18.75 per $1,000 original principal amount of Debentures.

Portfolio Pulse from

February 18, 2025 | 9:30 am