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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

ZVRA

Analysts have varied opinions on Zevra Therapeutics (NASDAQ:ZVRA), with most being bullish. Recent price targets average $19.71, up from $18.17. Despite positive analyst sentiment, Zevra faces financial challenges, including declining revenue and high debt.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:01 pm

SNOW

Snowflake Inc. plans to offer $2 billion in convertible notes, leveraging its strong financial position with $3.9 billion in cash and no debt. Analyst Blair Abernethy maintains a Buy rating with a $180 price target, viewing the move as a net positive for Snowflake's strategic growth.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 4:13 pm

FXI

China's financial regulator is encouraging banks to support loan renewals for borrowers facing temporary financial difficulties. Medium-sized firms with working capital loans due by September 30, 2027, may receive renewal support similar to that available for small and micro firms.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:43 pm

FXI

SPY

China's financial regulator is urging financial institutions to optimize loan services for small and medium-sized enterprises (SMEs) by adjusting loan terms, diversifying repayment options, and expanding credit fund coverage.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:39 pm

BNZI

Banzai International shares rose following the announcement of a $24.8 million debt payoff and restructuring agreements involving insider participation.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:21 pm

BNZI

Banzai International, Inc. (NASDAQ:BNZI) shares surged after announcing debt payoff and restructuring agreements, reducing liabilities by $28.8 million. The restructuring includes converting a term loan to a fixed-price convertible, extending maturity to 2027, and improving financial flexibility.

Portfolio Pulse from Erica Kollmann

September 24, 2024 | 2:03 pm

SPY

Fed Governor Michelle Bowman emphasized a cautious approach to rate cuts, balancing inflation concerns with labor market stability. She will monitor incoming data ahead of the November FOMC meeting.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:08 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has successfully refinanced its Waldron facility in Durant, Oklahoma, securing over an additional $1 million with more favorable terms and a lower interest rate. This move will free up working capital, support customer demand, and facilitate expansion strategies.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:44 pm