Streetbeat News

Credit

TTE

TotalEnergies remains committed to its Mozambique project, with plans to visit the country and meet the new president. The project awaits financing confirmation from three countries and credit agencies, targeting first oil by 2029.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:33 pm

MODV

ModivCare shares are trading higher following the announcement of an amended credit agreement with JP Morgan and other lenders, and the collection of $60 million in previously delayed contract receivables.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:53 pm

CZR

Caesars Entertainment, Inc. plans to offer $1 billion in senior notes due 2032 to qualified institutional buyers. The proceeds will be used to redeem a portion of existing 8.125% senior notes due 2027 and cover related fees.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:15 pm

NITO

N2OFF, Inc. (NASDAQ:NITO) announced strategic initiatives to enhance shareholder value, including a potential spin-off of its cleantech operations, an acquisition in computational drug discovery, and securing a €6 million credit line.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:38 pm

EBS

Emergent Biosolutions has closed a $100 million credit agreement for an asset-based revolving loan facility, effective September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:37 am

KKR

Powin has secured a revolving credit facility of up to $200 million, primarily from insurance accounts managed by KKR. This financial move is expected to support Powin's growth and operational needs.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:04 am

PWFL

Powerfleet has secured a $125 million loan from FirstRand Bank to fund its acquisition of Fleet Complete. This move is expected to enhance Powerfleet's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:48 am

MODV

ModivCare has amended its credit agreement with JP Morgan Chase Bank and other lenders. Additionally, the company has successfully collected approximately $60 million in previously delayed contract receivables.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:04 am

ALK

Alaska Air Group has increased its senior secured notes offering to $1.25 billion from $750 million. The proceeds will be used to fund a reserve account, a collection account, and an intercompany loan to Alaska Airlines, which will repay debt from its merger with Hawaiian Airlines.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:58 am

FG

F&G Annuities & Life has announced a public offering of $500 million in 6.250% senior notes due in 2034. This move is likely aimed at raising capital for business operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:11 pm