Streetbeat News

Credit

DDOG

Datadog, Inc. has announced the pricing of an upsized offering of $870 million in 0% Convertible Senior Notes due 2029. The offering was increased from the initially planned $775 million and is aimed at qualified institutional buyers.

Portfolio Pulse from

December 10, 2024 | 6:45 am

RIOT

Riot Platforms, Inc. has announced the pricing of its $525 million offering of 0.75% convertible senior notes due 2030. This move is likely aimed at raising capital for future growth and operations.

Portfolio Pulse from

December 10, 2024 | 6:00 am

HRNNF

Hydro One Inc., a subsidiary of Hydro One Limited, has announced a $750 million offering of Medium Term Notes under its Sustainable Financing Framework. This includes $375 million of Series 55 Notes due 2053 and $375 million of Series 60 Notes due 2035.

Portfolio Pulse from

December 10, 2024 | 1:30 am

MP

MP Materials Corp. has entered into exchange agreements to reduce its outstanding indebtedness by $25 million through the exchange of $131.6 million of its 0.25% green convertible senior notes due 2026.

Portfolio Pulse from

December 10, 2024 | 12:30 am

COR

Cencora, Inc. has successfully closed a $1.8 billion senior notes offering, issuing notes with varying maturities and interest rates.

Portfolio Pulse from

December 09, 2024 | 9:30 pm

CHTR

Charter Communications has extended the maturities of its credit facilities, moving a significant portion of its debt from 2027 to 2030 and 2031.

Portfolio Pulse from

December 09, 2024 | 9:30 pm

DOC

Healthpeak Properties, Inc. has extended its $3 billion revolving credit facility and made amendments to its term loans, indicating strong lender support.

Portfolio Pulse from

December 09, 2024 | 9:30 pm

FLNC

Fluence Energy, Inc. plans to offer $300 million in convertible senior notes due 2030 in a private offering, with an option for an additional $45 million. The company also intends to enter into capped call transactions.

Portfolio Pulse from

December 09, 2024 | 9:15 pm

FSK

FS KKR Capital has improved its portfolio quality with decreased non-accrual rates, indicating higher credit quality. The company supports a 13% dividend yield with strong earnings and a diversified portfolio. Despite a slight NAV decrease, management is actively investing in new deals.

Portfolio Pulse from

December 09, 2024 | 6:30 pm

PAYO

Payoneer Global is expected to experience future growth, but this is believed to be mostly priced in. The company has a low debt/equity ratio and no long-term debt, presenting low debt risk. Positive macro indicators for 2025 could benefit spending and payment volumes.

Portfolio Pulse from

December 09, 2024 | 4:30 pm