Streetbeat News

Credit

ODD

ODDITY Tech Ltd. has secured a new $200 million credit facility, doubling its previous $100 million facility. This move enhances the company's financial flexibility for growth initiatives, acquisitions, share buybacks, and other corporate needs.

Portfolio Pulse from

January 31, 2025 | 9:15 pm

UNIF

U & I Financial Corp. reported a net loss of $16.6 million for Q4 2024, an improvement from the $18.2 million loss in Q4 2023. The provision for credit losses decreased significantly by $20.5 million compared to the previous year.

Portfolio Pulse from

January 31, 2025 | 9:15 pm

BCS

Barclays' Michael Pond discussed the recent positive PCE data and its implications for Federal Reserve rate decisions. Despite the data, a March rate cut is not anticipated.

Portfolio Pulse from

January 31, 2025 | 7:30 pm

OMF

OneMain Holdings, Inc. has experienced a pullback in its stock price due to slower credit loss improvement and in-line quarterly results. The company reported a slight EPS beat and a 9% revenue increase, but higher credit loss provisions impacted earnings.

Portfolio Pulse from

January 31, 2025 | 6:45 pm

NYCB

Flagstar stock has surged over 26% in 2025 due to improvements in its credit quality, leading to an upgrade. This marks a significant recovery from its previous 'material weakness' warning.

Portfolio Pulse from

January 31, 2025 | 6:15 pm

MYNA

Mynaric AG has extended the maturity of its three existing bridge loans to February 7, 2025, and plans to secure an additional bridge loan, a restructuring loan, and apply for financial reorganization under Germany's StaRUG.

Portfolio Pulse from

January 31, 2025 | 5:15 pm

WBA

Walgreens Boots Alliance shares fell over 12% after suspending its quarterly dividend to conserve cash. The company is under financial pressure due to a lawsuit from the US Department of Justice and the need to refinance its debt.

Portfolio Pulse from

January 31, 2025 | 4:45 pm

SF

Kahuna Workforce Solutions has secured financing from Stifel Bank, an affiliate of Stifel Financial Corp., to support its innovation and expansion efforts. This credit facility will aid Kahuna in enhancing its product and service offerings.

Portfolio Pulse from

January 31, 2025 | 3:30 pm

ARE

Alexandria Real Estate Equities, Inc. has announced the pricing of a public offering of $550 million in senior notes due 2035 with a 5.50% interest rate.

Portfolio Pulse from

January 30, 2025 | 11:30 pm