Streetbeat News

Credit

CCL

CUK

Carnival Corporation & plc has successfully closed a $2.0 billion offering of 6.125% senior unsecured notes due 2033. The proceeds, along with cash on hand, were used to redeem $2.03 billion of 10.375% senior priority notes due 2028, reducing interest expenses by over 4%.

Portfolio Pulse from

February 07, 2025 | 9:15 pm

MYNA

Mynaric AG has secured a $28 million bridge loan, extended three existing bridge loans, agreed to a $25 million restructuring loan, and initiated a financial restructuring under Germany's StaRUG.

Portfolio Pulse from

February 07, 2025 | 9:00 pm

FSK

FS KKR Capital Corp (FSK) is considered undervalued, trading at a discount to its Net Asset Value (NAV). It offers a strong Net Investment Income (NII) and a high distribution yield, making it an attractive investment. FSK's portfolio is well-diversified, with a significant portion in senior secured investments and floating rate debt, providing protection against interest rate changes. The company is well-positioned to benefit from expected market conditions in 2025, with opportunities for increased originations and improved credit metrics.

Portfolio Pulse from

February 07, 2025 | 6:15 pm

AFRM

Affirm's CEO, Max Levchin, discusses the company's strong earnings performance, highlighting a thriving consumer base and effective credit management.

Portfolio Pulse from

February 07, 2025 | 5:15 pm

NKLA

Nikola Corp shares dropped over 38% following a report suggesting the company is nearing bankruptcy. The Wall Street Journal reported that Nikola is working with advisors to explore debt restructuring options.

Portfolio Pulse from

February 07, 2025 | 2:15 pm

MUX

McEwen Mining Inc. has announced the pricing of $95 million in convertible senior notes due 2030, with an option for an additional $15 million. The private placement targets qualified institutional buyers and is set to close on February 11, 2025.

Portfolio Pulse from

February 07, 2025 | 11:15 am

AAVMY

ABN AMRO's profitability is expected to decline due to ECB monetary policy normalization, despite strong Dutch GDP growth helping to keep credit costs in check. Earnings per share are projected to decrease in 2025.

Portfolio Pulse from

February 07, 2025 | 10:30 am

KSS

Kohl's has appointed a new CEO to lead a turnaround amidst declining comparable store sales. The company is in a stable financial position with manageable debt maturities and the potential to generate significant free cash flow.

Portfolio Pulse from

February 07, 2025 | 4:30 am

MPC

Marathon Petroleum Corporation (MPC) has announced a $2.0 billion senior notes offering, with plans to use the proceeds to repay existing debt and for general corporate purposes.

Portfolio Pulse from

February 06, 2025 | 11:00 pm

ESS

Essex Property Trust has announced the pricing of a $400 million public offering of senior notes due 2035, with a 5.375% interest rate.

Portfolio Pulse from

February 06, 2025 | 10:30 pm