Streetbeat News

Credit

NTNX

Nutanix, Inc. plans to offer $750 million in convertible senior notes due 2029 in a private placement to qualified institutional buyers. An option for an additional $112.5 million is also available.

Portfolio Pulse from

December 10, 2024 | 10:00 pm

CLLS

Cellectis has drawn down the final €5 million tranche from its €40 million credit facility with the European Investment Bank. The funds will support the development of its CAR T-cell therapies.

Portfolio Pulse from

December 10, 2024 | 9:45 pm

TLN

Talen Energy Corporation has increased its Term Loan B credit facility from $600 million to $850 million and announced a related repurchase of common stock.

Portfolio Pulse from

December 10, 2024 | 9:30 pm

COP

ConocoPhillips has announced the pricing terms for its cash tender offers for debt securities, which could impact its financial structure and investor sentiment.

Portfolio Pulse from

December 10, 2024 | 8:15 pm

PEAK

HealthPeak Properties has amended and extended its $3 billion revolving credit facility, enhancing its financial flexibility.

Portfolio Pulse from

December 10, 2024 | 6:45 pm

MT

ArcelorMittal has announced the pricing of a bond issue, consisting of €500 million 3.125% notes due in 2028 and €500 million 3.500% notes due in 2031.

Portfolio Pulse from

December 10, 2024 | 6:15 pm

EVG

The Eaton Vance Short Duration Diversified Income Fund (EVG) has been downgraded to 'Hold' due to stretched valuations after a 13% total return in 2024. The fund's portfolio is stable but faces risks from tight credit spreads.

Portfolio Pulse from

December 10, 2024 | 5:45 pm

TSCDY

Tesco PLC has repurchased and canceled €38 million in bonds, highlighting its strong balance sheet and cash flows, according to Shore Capital Markets' Clive Black.

Portfolio Pulse from

December 10, 2024 | 4:00 pm

MGY

Magnolia Oil & Gas reported Q3 2024 production in line with expectations, with oil production slightly above forecasts. The company expects low-double digits growth in oil production for 2024. Magnolia has extended its note maturity to 2032, has no credit facility debt, and holds over $250 million in cash.

Portfolio Pulse from

December 10, 2024 | 4:00 pm

CWXZF

Doman Building Materials Group Ltd. has closed an additional $100 million senior unsecured note offering. The news is intended for distribution in Canada only and not for the United States.

Portfolio Pulse from

December 10, 2024 | 3:00 pm