News Results

  1. Alvotech Issues New Shares to Holders of Convertible Bonds
    GlobeNewswire | 07/01/24 05:35 PM EDT

    Alvotech (ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today issued new shares to holders of subordinated convertible bonds, originally issued by Alvotech (ALVO) on November 16, 2022, and December 20, 2022, with maturity on December 20, 2025.

  2. Sachem Capital Corp. Announces Withdrawal of Public Debt Offering
    GlobeNewswire | 06/27/24 05:00 PM EDT

    Sachem Capital Corp. (SACH) today announced that it is withdrawing its previously announced debt offering. John Villano, CEO of Sachem Capital Corp. (SACH), commented: ?We want to assure our shareholders and noteholders that Sachem has ample liquidity through its existing credit facilities and liquid mortgage portfolio to continue to execute on the business consistent with past practice.

  3. Global Ship Lease Announces Credit Rating Upgrades
    GlobeNewswire | 06/26/24 04:15 PM EDT

    Global Ship Lease, Inc. (GSL) announced today several recent updates by three leading credit rating agencies. In announcing the ratings and outlook updates, the agencies highlighted the Company?s significant progress deleveraging, its focus on maintaining a disciplined, low leverage strategy, and revenue stability based on attractive multi-year time charter agreements.

  4. S&P Global ratings upgrade
    GlobeNewswire | 06/26/24 11:18 AM EDT

    S&P Global upgraded its credit rating to BB+ for Kaspi Bank, a core part of Fintech Platform. According to S&P Global; Mikhail Lomtadze, CEO & co-founder of, commented: ?We have once again received high praise from a leading ratings agency. About mission is to improve people?s lives by developing innovative mobile products and services.

  5. Alvotech Receives Conversion Notices for Majority of Convertible Bonds
    GlobeNewswire | 06/26/24 04:50 AM EDT

    Alvotech (ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that holders of the majority of subordinated convertible bonds, originally issued by Alvotech (ALVO) on November 16, 2022, and December 20, 2022, respectively, with maturity on December 20, 2025 have elected to convert the principal and accrued interest int...

  6. New York Mortgage Trust, Inc. Announces Pricing of Public Offering of Senior Notes
    GlobeNewswire | 06/25/24 05:24 PM EDT

    New York Mortgage Trust, Inc. (NYMT) announced today the pricing of an underwritten public offering of $60 million aggregate principal amount of its 9.125% senior notes due 2029.

  7. Medallion Financial Corp. Announces Completion of Amended and Restated Private Placement of $17.5 Million of Senior Notes
    GlobeNewswire | 06/25/24 04:01 PM EDT

    Medallion Financial Corp. (MFIN), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today that it has completed a private placement of $17.5 million aggregate principal amount of senior unsecured notes to a certain institutional investor, by amending and re...

  8. Hovnanian Enterprises Announces Credit Rating Upgrade From Moody?s Ratings
    GlobeNewswire | 06/25/24 09:00 AM EDT

    Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, today announced that Moody?s Ratings has upgraded Hovnanian?s corporate family rating to B2 from B3. ?We are thrilled to get a ratings upgrade from Moody?s, which follows an upgrade we received from S&P Ratings just two weeks ago,? stated Brad G. O?Connor, Chief Financial Officer and Treasurer.

  9. Fairfax Completes US$750,000,000 Senior Notes Offering and Announces Early Redemption of Allied World Notes Due October 29, 2025
    GlobeNewswire | 06/24/24 05:02 PM EDT

    Fairfax Financial Holdings Limited (FRFHF) has completed its previously announced offering of US$600,000,000 in aggregate principal amount of 6.100% senior notes due 2055 and an additional US$150,000,000 of its 6.000% senior notes due 2033.

  10. Bail America Bail Bonds Polk County Introduces The First Florida Bail Bonds Calculator For Transparency in the Cost of Bail
    GlobeNewswire | 06/24/24 09:00 AM EDT

    Image: Bail America?Bail Bonds, a leading bail bonds company offering bail services for felonies and Misdemeanors bonds night and day, is excited to announce the introduction of Florida?s first bail bonds calculator, which will offer users transparency on the cost of bail.

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.