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Credit

DINO

HF Sinclair Corporation announced the redemption of HollyFrontier Corporation's 5.875% Senior Notes due 2026. The redemption price will be the greater of 100% of the principal amount or the 'make-whole' redemption premium.

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January 27, 2025 | 10:45 pm

PKBK

Parke Bancorp, Inc. is a stable investment option with a 3.6% dividend yield, showing strong loan and deposit growth in Q4. However, net income declined due to higher provisions for credit losses and non-interest expenses, and margins contracted.

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January 27, 2025 | 10:00 pm

ACT

Enact Mortgage Insurance has entered into two forward excess of loss (XOL) reinsurance transactions, securing approximately $225 million and $260 million in coverage from third-party providers. This is part of its diversified credit risk transfer program.

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January 27, 2025 | 9:30 pm

QRTEA

Qurate Retail's preferred shares are trading at a significant discount, offering a 21.8% yield. The company is transitioning to online streaming and social media, with a rebrand to QVC planned for 2025.

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January 27, 2025 | 7:15 pm

PVBK

Pacific Valley Bank has appointed William Filippin as its new Chief Credit Officer, a move that could influence the bank's credit strategies and operations.

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January 27, 2025 | 7:15 pm

DMIFF

Diamcor Mining Inc. has signed a letter of intent for a $5 million term loan with a Dubai-based diamond company. This non-dilutive financing will include a security interest, interest, and revenue participation components.

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January 27, 2025 | 6:30 pm

VNQ

The real estate sector may face challenges in 2025 as the Federal Reserve might not lower interest rates as aggressively as expected. This could impact real estate investment trusts (REITs) and their performance.

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January 27, 2025 | 4:30 pm

TCPC

BlackRock TCP Capital (TCPC) faces risks due to low dividend coverage, elevated non-accruals, and significant debt maturities. However, its discounted valuation limits downside risk. The company's first-lien debt orientation and floating rate structure make it sensitive to interest rate changes, impacting net investment income (NII) and dividend per share (DPS) coverage. Despite potential DPS cuts, TCPC's yield may still be attractive for investors with a reasonable yield-on-cost.

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January 27, 2025 | 3:30 pm

FG

F&G Annuities & Life, Inc. has launched a 7.30% Junior Subordinated Notes IPO, maturing in 2065, with a $375 million issuance and BB credit ratings. The notes are fairly priced compared to OTC debt but overvalued relative to exchange-traded debt.

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January 27, 2025 | 3:30 pm

EOSE

Eos Energy has secured the final $40.5 million of a $210.5 million term loan from Cerberus, having achieved all operational milestones. This funding will enhance its U.S. manufacturing capacity, reinforcing its position in the energy storage sector.

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January 27, 2025 | 2:15 pm