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ORCL

Oracle has filed for a four-part notes offering, as per an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:14 pm

VTNR

Vertex Energy, Inc (NASDAQ:VTNR) has filed for Chapter 11 bankruptcy and secured $80 million in Debtor-In-Possession financing. The company aims to restructure and improve long-term value with the support of its lenders. VTNR shares fell 59.1% premarket.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 10:58 am

BAC

SPY

Bank of America's CFO, Alastair Borthwick, has projected a terminal interest rate of 2.75% to 3%. This forecast could influence financial markets and interest rate-sensitive sectors.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:38 am

VTNR

Vertex Energy has entered into a restructuring support agreement with its term loan lenders and has commenced Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of Texas.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:48 am

W

Wayfair Inc. has increased its secondary senior secured notes offering to $800 million from $700 million. The proceeds will be used for debt repayment and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:43 am

SNOW

Snowflake has announced the pricing of $1 billion in 0% convertible senior notes due in 2027 and another $1 billion due in 2029. This move is likely aimed at raising capital without immediate interest expenses.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:36 am

BA

Boeing is expected to quickly ramp up aircraft production after a strike ends, according to Goldman Sachs analyst Noah Poponak. The strike, involving 33,000 workers, affects production of key Boeing models. Poponak suggests Boeing may raise $12 billion in equity to maintain its credit rating and cash flow. Despite challenges, the analyst maintains a 'Buy' rating on Boeing due to attractive long-term fundamentals.

Portfolio Pulse from Michael Juliano

September 24, 2024 | 11:13 pm

HUN

Huntsman Corporation has announced the pricing of its $350 million senior notes due in 2034. This move is part of the company's strategy to manage its debt and finance its operations.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:20 pm

HUN

Huntsman International has filed for an offering of $350 million in 5.700% senior notes due in 2034, according to an SEC filing. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:11 pm

ALK

Moody's has downgraded Alaska Air Group's issuer rating to Ba1 and assigned a Baa2 rating to its loyalty financing, with a negative outlook. This indicates potential financial challenges for the company.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:37 pm