Mastercard Inc. (MA) said Wednesday that it has issued a 10- year $600 million bond tied to its sustainability goals. The digital-payments company said the proceeds from the bond will help it achieve its goal of reaching net-zero emissions by 2050 and improving financial inclusion. Mastercard (MA) has promised to bring 1 billion people and 50 million small businesses into the digital economy by 2025..
ION Geophysical Corp (IO): * ION SECURES REQUISITE BACKSTOP SUPPORT FOR RIGHTS OFFERING, ANOTHER KEY BOND RESTRUCTURING MILESTONE. * ION Geophysical Corp (IO) - HAS SECURED MORE THAN $20 MILLION IN BACKSTOP SUPPORT FOR ITS RIGHTS OFFERING Source text for Eikon: Further company coverage:
ION Geophysical Corporation (IO) today announced that the Company has secured more than $20 million in backstop support for its rights offering. The Company will seek to obtain additional backstop support in connection with the rights offering until the maximum amount is secured or the record date is reached.
NEW YORK, March 3, 2021 ?Empowering?broker-dealers and institutional investors to better connect and trade corporate bonds digitally, Broadridge Financial Solutions (BR), Inc.?, a global Fintech leader, today announced that the U.S. Patent and Trademark Office has granted LTX, a Broadridge company,?U.S. Patent No.10922773. The patent covers its artificial intelligence-driven RFX digital trading prot...
Beyond Meat, Inc. (BYND) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 0% convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Beyond Meat.
Cable One, Inc. (CABO) today announced the pricing of a private offering of $500.0 million aggregate principal amount of its 0.00% convertible senior notes due 2026 and $300.0 million aggregate principal amount of its 1.125% convertible senior notes due 2028.
BOSTON, March 2, 2021 Haemonetics Corporation (HAE) today announced the pricing of its offering of $435,000,000 aggregate principal amount of 0.00% Convertible Senior Notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Haemonetics.
PennyMac Mortgage Investment Trust (PMT) today announced the upsizing and pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $300 million aggregate principal amount of its Exchangeable Senior Notes due 2026. The Notes will bear interest at a rate of 5.500% per year, payable semiannually.
Mexican state oil company Petroleos Mexicanos said on Tuesday that it has ended a contract with credit ratings agency Fitch Ratings, less than a week after it posted a 2020 fourth quarter result that underwhelmed investors. Fitch was the first of the big three agencies to downgrade Pemex bonds to speculative grade, or junk.
Mexican state oil company Petroleos Mexicanos said on Tuesday that it has ended a contract with credit ratings agency Fitch Ratings, less than a week after it posted a 2020 fourth quarter result that underwhelmed investors. Fitch was the first of the big three agencies to downgrade Pemex bonds to speculative grade, or junk.
THOMASVILLE, Ga., March 2, 2021 Flowers Foods, Inc. (FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today announced the pricing of the public offering of $500 million aggregate principal amount of 2.400% senior notes due 2031.
Murphy Oil Corporation (MUR) announced today that it has priced an offering of $550 million of 6.375% Senior Notes due 2028 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
Macy?s, Inc. announced today that its wholly-owned subsidiary, Macy?s Retail Holdings, LLC, priced an offering of $500 million in aggregate principal amount of 5.875% senior notes due 2029 in a private offering at an offering price of 100% of the principal amount thereof.
CHARLOTTE, N.C., March 2, 2021 ?Truist Financial Corporation (TFC) demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25 billion in aggregate principal amount. "We were thrilled by investor reception of our first social bond, particularly in the face of significant market volatility," said Corporate Treasurer Donna Goodrich.
Boston Properties Inc (BXP): * BOSTON PROPERTIES PRICES $850.0 MILLION OFFERING OF GREEN BONDS AND ANNOUNCES REDEMPTION OF 5.25% SERIES B CUMULATIVE REDEEMABLE PREFERRED STOCK. * BOSTON PROPERTIES (BXP) - OPERATING PARTNERSHIP AGREED TO ISSUE $850.0 MILLION OF 2.550% SENIOR UNSECURED NOTES DUE 2032 IN UNDERWRITTEN PUBLIC OFFERING.
Boston Properties, Inc. (BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, announced today that its operating partnership, Boston Properties Limited Partnership, has agreed to issue $850.0 million of 2.550% senior unsecured notes due 2032 in an underwritten public offering through BofA Securities, Inc., Deutsche Bank Securities Inc., J.P...
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb? to the recently announced USD 600 million, 3.375% senior unsecured notes, due March 2031, of Fairfax Financial Holdings Limited?s. The outlook assigned to the Credit Rating is stable.
SAN FRANCISCO, March 2, 2021 Airbnb, Inc. (ABNB) today announced its intention to offer, subject to market and other conditions, $2,000,000,000 aggregate principal amount of convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Clearway Energy Operating LLC?, a subsidiary of?Clearway Energy (CWEN/A), Inc.?, has priced its offering of?$925 million?in aggregate principal amount of 3.750% senior notes due 2031 at a price to the public of?100% of their face value. The New Notes will mature on?February 15, 2031.
Macy?s, Inc. announced today that its wholly-owned subsidiary, Macy?s Retail Holdings, LLC, intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes due 2029 in a private offering.
Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc. (CWEN/A), intends to commence an offering of $925 million in aggregate principal amount of senior notes due 2031.
Abu Dhabi state fund Mubadala has hired banks to arrange a planned dual-tranche issue of euro-denominated bonds, a document seen by Reuters showed. Citi and JPMorgan (JPM) were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley (MS) and Standard Chartered (SCBFF) as joint bookrunners, the document from one of the banks showed.
ESTERO, Fla. $4.2 billion to purchase up to 100% of the common stock of the reorganized Hertz. The proposed Plan would provide for a new, sustainable capital structure that would substantially reduce Hertz's corporate debt and provide for a less leveraged vehicle debt structure. Overall, the proposed Plan will enable Hertz to exit Chapter 11 stronger both financially and operationally.
Preliminary bond prospectus for Mamoura diversified global holding, subsidiary of Abu Dhabi state fund Mubadala investment company that issues its debt: * MDGH had 388.7 billion dirhams in total assets as of end-june 2020. * MDGH had 179.38 billion dirhams in total liabilities as of end-june 2020.
A developer of industrial parks joined the ranks of Chinese companies defaulting on international borrowings, with its failure to repay a maturing bond casting doubt over the entirety of its $4.6 billion in dollar-based debt. The debt difficulties at China Fortune Land Development Co. follow a series of defaults by other sizable Chinese groups such as Tsinghua Unigroup Co., a player in the country's push for self-reliance in semiconductors, and state- owned commodity trader...
Abu Dhabi state fund Mubadala has hired banks to arrange a planned dual-tranche issue of euro-denominated bonds, a document showed on Tuesday. Citi and JPMorgan (JPM) were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley (MS) and Standard Chartered (SCBFF) as joint bookrunners, the document from one of the banks showed.
The Arab Petroleum Investments Corporation has hired banks to arrange a reopening of its existing bonds maturing in February 2026, a document from one of the banks showed on Tuesday. BofA Securities, China Construction Bank, Citi, Emirates NBD Capital, Maybank, Nomura and Standard Chartered (SCBFF) will arrange fixed-income investor calls starting on Tuesday.
BURLINGTON, Mass. and?PLANO, TX, March 1, 2021 Keurig Dr Pepper Inc.?announced today the pricing of its previously announced public offering of senior notes. The Notes will be the unsecured and unsubordinated obligations of the Company and will rank equally in right of payment with all of the Company's current and future unsubordinated indebtedness.
JUJUY, Argentina, March 1, 2021 The Province of Jujuy announced today that it has reached an agreement in principle with an ad hoc group of bondholders represented by VR Advisory Services Ltd., with respect to certain proposed amendments to the terms of the Province's U.S.$210 million aggregate principal amount of 8.625% Notes due 2022.
ACCO Brands Corp (ACCO): * ACCO BRANDS CORPORATION PRICES PRIVATE OFFERING OF $575 MILLION OF SENIOR UNSECURED NOTES. * ACCO Brands Corp (ACCO) - PRICED A PRIVATE OFFERING OF $575 MILLION OF 4.25% SENIOR UNSECURED NOTES DUE 2029. * ACCO Brands Corp (ACCO) - PRICE TO INVESTORS WILL BE 100% OF AGGREGATE PRINCIPAL AMOUNT OF NOTES.
National Retail Properties Inc (NNN): * NATIONAL RETAIL PROPERTIES, INC. PRICES OFFERING OF $450,000,000 OF 3.500% SENIOR UNSECURED NOTES DUE 2051 Source text for Eikon: Further company coverage:
ACCO Brands Corporation (ACCO), one of the world?s largest designers, marketers and manufacturers of branded academic, consumer and business products, today announced that it priced a private offering of $575 million in aggregate principal amount of 4.25% Senior Unsecured Notes due 2029.
Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$600,000,000 of Fairfax?s Senior Notes due 2031 at an issue price of 99.865%. The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 3.375% per annum.
Superior Plus Corp (SUUIF): * SUPERIOR PLUS ANNOUNCES PRICING OF UPSIZED OFFERING OF US$600 MILLION OF 4.500% SENIOR UNSECURED NOTES. * Superior Plus Corp (SUUIF) - PRICING OFFERING BY ITS UNITS OF US$600 MILLION SENIOR UNSECURED NOTES DUE MARCH 15, 2029.
NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), announced today that it has priced $575 million aggregate principal amount of its 5.875% Senior Notes due 2026, which were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
Superior Plus Corp. (SUUIF) announced today the pricing of the previously announced private offering by its wholly-owned subsidiaries, Superior Plus LP and Superior General Partner Inc. of US$600 million aggregate principal amount of senior unsecured notes due March 15, 2029.
Beyond Meat, Inc. (BYND) today announced its intention to offer, subject to market and other conditions, $750,000,000 aggregate principal amount of convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
PennyMac Mortgage Investment Trust (PMT) today announced that its indirect wholly-owned subsidiary, PennyMac Corp., plans to make a private offering of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2026.
Successfully Refinanced Revolving Credit Facility ??????Issued $1.11 Billion of Senior Unsecured Notes; Refinancing Existing Debt at Lower Cost LITTLE ROCK, Ark., March 01, 2021 -- ?Uniti Group Inc. (UNIT) today announced its preliminary results for the fourth quarter and full year 2020. ?Our fiber and leasing businesses performed exceptionally well last year and are well positioned going into 2021.
Cable One, Inc. (CABO) today announced the commencement of a private offering of $400 million aggregate principal amount of its convertible senior notes due 2026 and $200 million aggregate principal amount of its convertible senior notes due 2028, subject to market and other conditions.
Compass Diversified Holdings (CODI): * COMPASS DIVERSIFIED ANNOUNCES PROPOSED PRIVATE OFFERING OF $750 MILLION OF SENIOR UNSECURED NOTES DUE 2029. * COMPASS DIVERSIFIED (CODI)- TO USE PROCEEDS OF NOTES OFFERING TO REPAY DEBT UNDER EXISTING CREDIT FACILITIES, TO REDEEM 8.000% SENIOR NOTES DUE 2026.
Compass Diversified (CODI), a Delaware statutory trust and the sole owner of 100% of the trust interests in Compass Group Diversified Holdings, LLC, and the Company announced today that the Company intends, subject to market and other conditions, to commence an offering of $750 million of senior unsecured notes due 2029 in a private offering.
Keurig Dr Pepper Inc (KDP): * KEURIG DR PEPPER ANNOUNCES STRATEGIC REFINANCING. * Keurig Dr Pepper Inc (KDP) - COMMENCES A PUBLIC OFFERING OF SENIOR NOTES AND NEW 364-DAY REVOLVING CREDIT FACILITY. * Keurig Dr Pepper Inc (KDP) - INTENDS TO USE NET PROCEEDS FROM SALE OF NOTES TO FUND REDEMPTION OF CERTAIN OUTSTANDING SENIOR UNSECURED NOTES.
Medallion Financial Corp. (MFIN) announced today that it has completed a private placement of $25.0 million aggregate principal amount of fixed rate senior unsecured notes to certain institutional investors.
BURLINGTON, Mass. and PLANO, Texas, March 1, 2021 Keurig Dr Pepper Inc.?announced today the commencement of a public offering of senior notes and the Company's intent to enter into a new 364-day revolving credit facility.
ACCO Brands Corp (ACCO): * ACCO BRANDS CORPORATION ANNOUNCES PRIVATE OFFERING OF $650 MILLION OF SENIOR UNSECURED NOTES. * ACCO BRANDS (ACCO) - ANNOUNCED A PRIVATE OFFERING OF $650 MILLION OF SENIOR UNSECURED NOTES DUE 2029 Source text for Eikon: Further company coverage:
ACCO Brands Corporation (ACCO), one of the world?s largest designers, marketers and manufacturers of branded academic, consumer and business products, today announced a private offering of $650 million of senior unsecured notes due 2029.
Superior Plus Corp (SUUIF): * SUPERIOR PLUS ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES AND CONDITIONAL REDEMPTION OF 7.0% NOTES. * Superior Plus Corp (SUUIF) - CO'S UNITS PLAN TO COMMENCE PRIVATE PLACEMENT OFFERING OF US$500 MILLION OF SENIOR UNSECURED NOTES DUE 2029.
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.