Streetbeat News

Credit

CREV

Carbon Revolution plc (Nasdaq: CREV) has secured an additional $5 million from Orion Infrastructure Capital and $0.4 million from existing lenders, enhancing its financial position. This funding is part of a larger $25 million facility and a $60 million loan, respectively.

Portfolio Pulse from

January 24, 2025 | 1:15 pm

BLK

BlackRock CEO Larry Fink discussed the potential for future Federal Reserve interest rate hikes due to the strength of the US economy, though he does not see this as a core prediction.

Portfolio Pulse from

January 24, 2025 | 12:45 pm

IVPAF

Ivanhoe Mines Ltd. has successfully closed a US$750 million senior notes offering with a 7⅞% interest rate due in 2030. This move is expected to provide the company with significant capital for its operations.

Portfolio Pulse from

January 24, 2025 | 12:45 pm

SMLR

Semler Scientific, Inc. has announced the pricing of an upsized offering of $85 million in convertible senior notes due 2030, with a 4.25% interest rate. The offering is targeted at qualified institutional buyers under Rule 144A.

Portfolio Pulse from

January 24, 2025 | 12:15 pm

EPRT

Essential Properties Realty Trust (EPRT) is facing challenges due to rising interest rates and inflation affecting commercial real estate, particularly net lease REITs. Despite outperforming peers with a sale-leaseback model, EPRT's reliance on tenants with lower creditworthiness poses risks.

Portfolio Pulse from

January 24, 2025 | 10:15 am

LOB

Live Oak Bancshares reported mixed Q4 2024 results with record loan originations but increased net charge-offs and high deposit costs. The bank's net interest margin is under pressure, though refinancing CDs at lower rates could improve profitability.

Portfolio Pulse from

January 24, 2025 | 10:00 am

PGY

Pagaya is poised for growth by expanding its loan approvals through its investor network, despite current undervaluation and credit impairment issues.

Portfolio Pulse from

January 24, 2025 | 9:00 am

DINO

HF Sinclair Corporation announced early results of its cash tender offer to purchase outstanding debt securities. The terms and conditions remain unchanged as per the Offer to Purchase dated January 8, 2025.

Portfolio Pulse from

January 24, 2025 | 1:30 am

GXRFF

Prospera Energy Inc. has announced a loan amendment and a shares for debt settlement. This development is aimed at improving the company's financial position.

Portfolio Pulse from

January 24, 2025 | 1:15 am

MSBI

Midland States Bancorp, Inc. reported a net loss of $54.8 million for Q4 2024, driven by significant charge-offs and provisions for credit losses related to its LendingPoint and Greensky loan portfolios. The company plans to sell its Greensky portfolio and has seen a decrease in its capital ratios.

Portfolio Pulse from

January 23, 2025 | 9:45 pm