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STHZF

Pelorus Fund REIT has filed a complaint to appoint a receiver for StateHouse Holdings due to loan defaults. Despite financial challenges, StateHouse reported a 10% revenue increase in Q2 2024. The company's financial health remains precarious with a significant working capital deficiency.

Portfolio Pulse from Nicolás Jose Rodriguez

September 27, 2024 | 3:48 pm

UBER

Uber Technologies has entered a $5 billion unsecured revolving credit agreement with Bank of America, replacing its previous credit facility. The agreement will mature on September 26, 2029, and allows Uber to borrow in U.S. Dollars or alternate currencies for general corporate purposes.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 10:55 am

VEON

VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices by the end of September 2024. This inclusion could enhance the visibility and attractiveness of VEON's debt instruments to investors.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 9:19 am

CION

CION Investment Corporation plans to pay down debt using proceeds from a $150 million unsecured notes offering. The notes, due 2029, will bear interest at 7.50% and are expected to be listed on the NYSE under the symbol 'CICB'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:08 am

UNIT

Uniti Group Inc. (NASDAQ:UNIT) announced the pricing of $800M in new Senior First Lien Notes by Windstream subsidiaries as part of a post-merger debt restructuring plan. The notes and a $500M term loan facility are part of a $1.3B financing effort ahead of a planned merger between Uniti and Windstream.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:05 am

PGY

Pagaya Technologies LTD. (NASDAQ:PGY) announced an upsized $140 million exchangeable senior notes offering, increased from $125 million due to strong demand. The proceeds will be used to repay higher-cost debt and for general corporate purposes. The notes, due 2029, have a 6.125% interest rate and are exchangeable into Pagaya's Class A shares.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 6:52 am

STWD

Starwood Property Trust has announced the pricing of a private offering of $400 million in 6.000% unsecured senior notes due in 2030. This move is likely to impact the company's financial structure and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:02 pm

FTHM

Fathom has entered into a securities purchase agreement, selling and issuing senior secured convertible promissory notes worth $5 million.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:46 pm

PZG

Paramount Gold Nevada Corp. has raised concerns about its ability to continue as a going concern, citing potential operational delays or reductions if additional funds are not secured.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:29 pm

RGF

The Real Good Food Company shares rose following the announcement of a $60 million debt refinancing deal with PMC Financial Services and Emblem Investment Fund.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:14 pm