Streetbeat News

Credit

ADC

SILA

Net lease REITs ADC and SILA are highlighted for their strong investment potential due to resilient assets, long-term leases, and robust balance sheets. ADC is well-positioned for growth with a BBB+ credit rating and significant liquidity, while SILA offers a high dividend yield and focuses on healthcare properties.

Portfolio Pulse from

February 03, 2025 | 1:30 pm

TLSI

TriSalus Life Sciences has drawn down $10 million from its $50 million credit agreement with OrbiMed to support its biomedical technology initiatives.

Portfolio Pulse from

February 03, 2025 | 1:15 pm

CRMT

America's Car-Mart, Inc. has successfully completed a $200 million term securitization, with a significant improvement in the weighted average coupon by 95 basis points compared to the previous October 2024 securitization. The transaction was highly successful, being over 10 times oversubscribed.

Portfolio Pulse from

February 03, 2025 | 1:15 pm

EGRNF

China Evergrande's EV unit is facing difficulties in attracting strategic investors due to a severe liquidity crisis, affecting its operations and delaying essential audits for 2024.

Portfolio Pulse from

February 03, 2025 | 1:00 pm

SHFS

Safe Harbor Financial has announced a temporary pause in principal payments on its promissory note with PCCU, as both parties discuss modifying the credit facility. This pause will last for two months, during which Safe Harbor plans to make growth investments.

Portfolio Pulse from

February 03, 2025 | 12:45 pm

AMT

The Federal Open Market Committee has paused its interest rate cuts, maintaining the overnight borrowing rate at 4.25%-4.5% after three consecutive cuts in late 2024. This decision impacts the real estate investment trust (REIT) sector, which is sensitive to interest rate changes.

Portfolio Pulse from

February 03, 2025 | 12:15 pm

MCVT

Mill City Ventures III, Ltd. has entered into a Security Agreement with Mustang Funding, LLC, collateralizing a $10 million loan.

Portfolio Pulse from

February 03, 2025 | 12:15 pm

SCYRF

Scryb Inc. has secured over $1.1 million in convertible debenture financing, led by Plaza Capital. The debentures have a 12% annual interest rate and can be converted into common shares at $0.05 per share.

Portfolio Pulse from

February 03, 2025 | 12:15 pm

WGO

Winnebago Industries, Inc. has announced a cash tender offer to purchase up to $75 million of its 6.25% Senior Secured Notes due 2028. This move is part of the company's financial strategy to manage its debt.

Portfolio Pulse from

February 03, 2025 | 12:15 pm

AIRI

Air Industries Group has secured an expansion of its term loan from Webster Bank, which includes relaxed covenants and an additional $1.6 million. This financial move is aimed at repaying subordinated debt and purchasing assets.

Portfolio Pulse from

February 03, 2025 | 12:15 pm