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MAIN

Main Street Capital, a leading BDC, is trading at a high P/NAV multiple of 1.93x, making it less attractive despite its strong fundamentals. The total yield of 7.3% is below the sector average, and market headwinds make its high premium difficult to justify.

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March 12, 2025 | 4:15 pm

EFC

Ellington Financial offers a high 11% yield but has a history of dividend cuts due to interest rate fluctuations and financing issues. The company's strategy involves a heavily leveraged portfolio focused on credit assets. Future performance depends on Federal Reserve rate cuts, but high leverage poses liquidity risks.

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March 12, 2025 | 3:30 pm

WSC

WillScot Holdings Corporation announced consent solicitations to amend provisions of its Senior Secured Notes due 2029 and 2031. This move involves its subsidiary, Williams Scotsman, Inc., and aims to modify certain indenture provisions.

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March 12, 2025 | 3:30 pm

MONSF

Montea, a Belgian logistics REIT, plans to increase earnings and dividends by 2027, with a 50% asset base growth and maintaining a healthy debt ratio. The REIT's future dividend increases may be influenced by its potential FBI status in the Netherlands.

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March 12, 2025 | 2:45 pm

WSC

WillScot Holdings Corporation announced a $500 million senior secured notes offering through its subsidiary Williams Scotsman, Inc. The notes are due in 2030 and are secured by WSI's domestic subsidiaries and its direct parent.

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March 12, 2025 | 1:15 pm

AES

AES Corporation announced a public offering of senior notes, subject to market conditions. This move is part of their strategy to raise capital.

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March 12, 2025 | 1:15 pm

AES

The AES Corporation has announced a cash tender offer for its 3.300% Senior Notes due 2025, allowing the company to repurchase these securities under specific terms and conditions.

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March 12, 2025 | 1:15 pm

PBF

PBF Energy's subsidiary, PBF Holding Company LLC, plans to offer $750 million in senior notes due 2030 in a private offering, subject to market conditions.

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March 12, 2025 | 1:15 pm

FCNCA

Silicon Valley Bank, a division of First Citizens Bank, has formed a strategic lending relationship with Pinegrove Venture Partners to provide $2.5 billion in venture debt to technology and life science companies.

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March 12, 2025 | 12:45 pm

BIDU

Baidu, Inc. has completed a $2 billion offering of zero coupon exchangeable bonds due 2032. The bonds were sold in offshore transactions to non-U.S. persons under Regulation S of the U.S. Securities Act.

Portfolio Pulse from

March 12, 2025 | 11:15 am