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Benzinga
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06/18/25 03:16 AM EDT
Elon Musk?s?AI venture,?xAI, is reportedly on the brink of securing?a $5 billion debt raise, led by?Morgan Stanley, despite modest investor interest. What Happened:?The $5 billion debt offering?comprising a floating-rate term loan, a fixed-rate loan, and secured bonds?is scheduled to be allocated to investors on Wednesday, reported Reuters, citing sources.
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Benzinga
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06/12/25 02:53 PM EDT
GameStop's (GME) stock took a sharp hit on Thursday, falling 22% to $22.12 by midday Eastern Time, following the announcement that it plans to issue $1.75 billion in convertible senior notes. What Happened: The notes, which won't carry regular interest, are aimed at "general corporate purposes," according to the company's blog post.
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Benzinga
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06/02/25 10:23 AM EDT
Rivian Automotive, Inc (RIVN) stock traded lower Monday by about 2.86% after the electric vehicle company announced plans to offer $1.25 billion in senior secured green notes due 2031 in a private offering. The EV manufacturer plans to use the offering proceeds and cash on hand to redeem $1.25 billion of outstanding floating rate senior secured notes due 2026 and pay related fees and expenses.
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Benzinga
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05/27/25 11:35 AM EDT
DoorDash, Inc. (DASH) shares are trading slightly lower on Tuesday. The company is initiating a significant capital raise as part of its efforts to preserve financial flexibility and support future strategic initiatives. The food delivery company has announced plans to issue $2 billion in convertible senior notes due in 2030 through a private offering to qualified institutional investors.
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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