Streetbeat News

Credit

KRG

Kite Realty Group has recast its $1.1 billion unsecured revolving credit facility and amended its $250 million term loan facility. These financial adjustments are likely aimed at improving liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:19 pm

BA

S&P has placed Boeing Co.'s ratings, including its 'BBB-' issuer credit rating, on CreditWatch Negative due to financial risks associated with a strike. Boeing may need additional funding to maintain its cash balance, fund operations, and meet debt obligations.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:00 pm

DXPE

DXP Enterprises has refinanced its Senior Secured Term Loan B, raising an additional $105 million, bringing total borrowings to $649.5 million. The company reduced its borrowing margin by 100 basis points and plans to use the proceeds for debt repayment, acquisitions, and general corporate purposes, maintaining flexibility for growth and reinvestment.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:26 pm

MSOS

FundCanna CEO Adam Stettner highlights the issue of delinquent accounts receivable in the cannabis industry, emphasizing the challenge of making payments without revenue from purchased goods. He stresses the importance of aligning debt repayment terms with revenue schedules.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:20 pm

MSOS

Tayyaba Khan from Cassels Brock & Blackwell highlights a trend where early-stage companies prefer equity financing, while more advanced companies are opting for debt financing and refinancing.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:15 pm

MSOS

Tayyaba Khan from Cassels Brock & Blackwell highlights the advantages and risks of debt financing. While it allows companies to maintain ownership and offers potential tax benefits, it also carries risks such as default events, repayment obligations, and future cash flow strain.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:14 pm

MSOS

Laura Bianchi, Co-Founder of Bianchi & Brandt, discusses the potential impact of rescheduling on mergers and acquisitions (M&A) in the cannabis industry. She anticipates more creative collaborations and joint ventures, as well as increased interest from banks and credit unions in servicing the industry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:02 pm

MSOS

Neil Prasad from Marcum CPA emphasizes the importance of companies maintaining compliance, legal understanding, and up-to-date financial records. This preparation is crucial for raising capital or securing loans, enhancing credibility and credit opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:59 pm

MSOS

Dan Roda from Safe Harbor Financial highlights that costs will influence borrowing costs, leading to a cannabis risk premium being factored into deals. This could impact cannabis-related financial instruments, including ETFs like MSOS.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:53 pm

MSOS

Security Bank's President and CEO, Stephan Paul Antonacci, highlighted the strength of their real estate-based credits and reliance on external vendors for customer services.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:50 pm