Exchange Income (EIFZF) on Friday announced the closing of its previously announced offering of $600 million aggregate principal amount in 4.324% senior unsecured notes due March 13, 2031. The company said that the notes were offered on a private placement basis in each of the Provinces of Canada in reliance on exemptions from the prospectus requirements under applicable securities laws.
Chemours (CC) said Thursday it has completed a private offering of $700 million of 7.875% senior unsecured notes due 2034. The company said net proceeds from the offering were used to fund the redemption of $188 million of its senior notes due 2028.
Health care stocks were falling premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.5% and the iShares Biotechnology ETF 0.9% lower. Indivior shares were down nearly 6% after the company said it plans a $400 million private offering of convertible senior unsecured notes due March 15, 2031.
Health care stocks were falling premarket Thursday, with the State Street Health Care Select Sector SPDR ETF down 0.3% and the iShares Biotechnology ETF 0.9% lower. Indivior shares were down more than 6% after the company said it plans a $400 million private offering of convertible senior unsecured notes due March 15, 2031. MT Newswires does not provide investment advice.
Indivior Pharmaceuticals (INDV) said Thursday it plans a $400 million private offering of convertible senior unsecured notes due March 15, 2031. The company expects to grant the initial purchasers a 30-day option to buy up to an additional $60 million of the notes.
California Resources (CRC) said late Wednesday it priced an upsized private offering of $350 million of 7% senior unsecured notes due 2034. The offering is expected to be completed on March 23, subject to closing conditions, according to a statement. Net proceeds will be used to redeem $350 million of its 8.25% senior unsecured notes due 2029, the company said.
Baker Hughes (BKR) said late Wednesday it has issued $6.50 billion in debt consisting of five tranches of senior unsecured notes, including $500 million of 4.050% notes due 2029. The firm said it also issued 3 billion euros in debt consisting of four tranches of senior unsecured notes, including 600 million euros of 3.226% notes due 2030.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. CRM announces its largest-ever bond sale, a $25B eight-part offering with maturities ranging from two to 40 years, marking the company's first U.S. investment-grade debt issuance since 2021. MT Newswires does not provide investment advice.
California Resources (CRC) said Wednesday it plans to offer $250 million of 7% senior unsecured notes due 2034, as an addition to the previously issued $400 million of existing notes under the same indenture. Net proceeds from the transaction will be combined with cash and revolving credit borrowings to redeem $250 million of 8.25% senior unsecured notes due 2029, California Resources (CRC) said.
Amazon.com (AMZN) is raising 14.5 billion euros in its first-ever offering in the euro bond market, the largest corporate bond ever sold in the currency, Bloomberg reported Wednesday, citing unnamed people familiar with the matter. The bonds have maturities between two to 38 years, Bloomberg reported. Amazon (AMZN) didn't immediately reply to a request for comment from MT Newswires.
Kodiak Gas Services (KGS) said Wednesday a subsidiary has launched a $750 million private offering of senior unsecured notes due 2031. The company said proceeds will be used to help redeem its 7.25% senior notes due 2029 at 103.625% of the $750 million principal amount. Price: 55.51, Change: -0.97, Percent Change: -1.72. MT Newswires does not provide investment advice.
Stellantis (STLA) said Wednesday it priced a multi-tranche offering of subordinated perpetual hybrid bonds. The offering comprises 2.2 billion euros, 1.8 billion euros, and 865 million British pounds of perpetual fixed-rate resettable capital securities. The company expects the offering to close Monday and to bolster its capital structure and liquidity position, it said.
Crispr Therapeutics (CRSP) said Tuesday that it plans to offer $350 million of its convertible senior unsecured notes due March 1, 2031 in a private offering. The company said it expects to grant the initial purchasers of the notes a 13-day option to buy up to an additional $52.5 million of the notes. The company said it plans to use the net proceeds for general corporate purposes.
Duke Energy (DUK) said Monday it intends to issue $1 billion of convertible senior notes maturing in 2029 via a private placement. The transaction grants initial buyers a 13-day option to purchase up to an additional $150 million of the securities, the company said.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Log In Required
Publication Date