News Results

  1. Tokio Marine HCC Ratings of A++ and AA- Affirmed by AM Best and Fitch with Stable Outlook
    GlobeNewswire | 10:00 AM EST

    Tokio Marine HCC today announced that AM Best and Fitch Ratings have affirmed the Company?s ratings. ?We are incredibly pleased that AM Best and Fitch have affirmed Tokio Marine HCC?s financial strength ratings of ?A++? and ?AA-,? respectively.

  2. Upstart Stock Is Sliding Tuesday: What's Going On?
    Benzinga | 09:30 AM EST

    Upstart Holdings Inc (UPST) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes. What Happened: After the market close on Monday, Upstart announced that it intends to offer $425 million?of convertible senior notes due 2030 in a private offering to qualified institutional buyers.

  3. Eaton Vance Municipal Bond Fund Announces Tender Offer to Purchase up to 5% of Outstanding Shares
    Business Wire | 09:10 AM EST

    Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning July 9, 2024 through November 8, 2024, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the First T...

  4. Magnolia Oil & Gas Operating LLC Announces Proposed Offering of $400 Million Senior Notes
    Business Wire | 07:52 AM EST

    Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, announced today that they intend to offer, subject to market conditions and other factors, $400 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement to eligible purchasers, subject to market conditions.

  5. Upstart Announces Proposed Private Offering of $425,000,000 of Convertible Senior Notes Due 2030
    Business Wire | 06:55 AM EST

    Upstart Holdings, Inc. (UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.

  6. GrafTech Announces Agreement for New Capital to Bolster Liquidity
    Business Wire | 06:40 AM EST

    Transaction expected to provide additional liquidity to help withstand near-term industrywide challenges GrafTech International Ltd. (EAF) today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend...

  7. Dish Network Creditors Reject Bond Exchange Offer, Threatening Merger With DirecTV: Report
    Benzinga | 04:51 AM EST

    Dish Network Corp.?s creditors have rejected the company?s bond exchange offer just ahead of a key deadline, threatening the proposed merger with DirecTV. What Happened: The steering committee of Dish lenders criticized the deal, calling it one of the largest ?engineered at the expense of creditors? in a letter seen by Bloomberg.

  8. Bayer cuts FY operating profit outlook on weak agriculture markets
    Reuters | 02:19 AM EST

    Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand.

  9. Bayer cuts FY operating earnings outlook on weak agriculture markets
    Reuters | 01:41 AM EST

    Bayer on Tuesday lowered its full-year operating earnings guidance, citing weaker agricultural markets in Latin America.

  10. Moody?s Downgrades The Toronto-Dominion Bank (TD) and Subsidiary After Guilty Plea ? Hagens Berman
    GlobeNewswire | 11/11/24 04:21 PM EST

    On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.

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.

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