Upstart Holdings, Inc. (UPST) today announced its intention to offer, subject to market conditions and other factors, $300,000,000 aggregate principal amount of Convertible Senior Notes due 2029 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.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (KMPR) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group.
AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of Stellar National Life Insurance Company. The ratings reflect Stellar?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb+? from ?a-? of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm Bureau County Mutual Insurance Company of Texas, Texas Farm Bureau Mutual Insurance Company and Texas Farm Bureau Underwriters.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of National Unity Insurance Company. The ratings reflect National Unity?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Universal Life Insurance Company. The Credit Ratings reflect ULICO?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Hotai Insurance Co., Ltd.. Additionally, AM Best has revised the outlook of the FSR to positive from stable, while the outlook of the Long-Term ICR is positive.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Pacific Life Insurance Company and Pacific Life & Annuity Company. The ratings reflect Pacific Life Group?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Top Layer Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Top Layer?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Renaissance Reinsurance Ltd., Renaissance Reinsurance U.S. Inc., RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Unlimited Company and RenaissanceRe Europe AG.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of DPL Insurance Limited. The Credit Ratings reflect DPL?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
?. NewHospitals Finance PLC. GBP178,300,000 1.7774 per cent Index Linked. Guaranteed Secured Bonds due 2047. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 50,000.00 IS GBP 666.07. POOL FACTOR.
?. Central Nottinghamshire Hospitals PLC. GBP 351,900,000 1.8768 per cent. Guaranteed Secured Bonds due 2042. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 50,000.00 IS GBP 569.9. POOL FACTOR.
Bunge Global SA (BG) today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $2.0 billion aggregate principal amount, comprised of three tranches of senior unsecured notes, as follows: The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA (BG) on a senior unsecured basis.
PHINIA Inc. (PHIN) announced today that it has priced its previously announced offering and has agreed to issue and sell $450 million aggregate principal amount of its unsecured 6.625% senior notes due 2032 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
AM Best has downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b? from ?bb-? of Wolverine Mutual Insurance Company. The ratings reflect Wolverine?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Helmerich & Payne, Inc. announced today that it intends to offer senior unsecured notes in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act.
Wynn Resorts, Limited (WYNN) announced today that Wynn Resorts Finance, LLC and its subsidiary Wynn Resorts Capital Corp., each an indirect wholly-owned subsidiary of Wynn Resorts (WYNN), are offering $800 million aggregate principal amount of Senior Notes due 2033 in a private offering.
National Storage Affiliates Trust (NSA), announced that its operating partnership, NSA OP, LP, has issued $350 million of aggregate principal amount of senior unsecured notes with a weighted average maturity of 7.6 years and a weighted average coupon of 5.60% in a private placement with institutional investors.
AM Best has assigned a Financial Strength Rating of B- and a Long-Term Issuer Credit Rating of ?bb-? to Upstream Life Insurance Company. The ratings reflect Upstream Life?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
?. Santander UK PLC. Issue of GBP 1,100,000,000.00. Floating Rate Covered Bonds due June 2028. Series 81 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 15,629,716.16. POOL FACTOR.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Redbridge Insurance Company Limited. The ratings reflect RICL?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? for the members of Unum Insurance Group. The ratings reflect Unum?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the U.S. property/casualty subsidiaries of Assurant, Inc. (AIZ) [NYSE: AIZ]. These companies are collectively referred to as Assurant P&C Group.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Tokio Marine & Nichido Fire Insurance Co., Ltd. and its subsidiaries. The ratings reflect TMNF?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of DB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect DBI?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
AM Best has revised the Long-Term Issuer Credit Rating outlook to stable from negative and affirmed the Financial Strength Rating of B and the Long-Term ICR of ?bb+? of WAICA Reinsurance Corporation PLC.
Ventas, Inc. (VTR) announced today that its wholly owned subsidiary, Ventas Realty, Limited Partnership, has priced an underwritten public offering of $550 million aggregate principal amount of 5.000% Senior Notes due 2035 at an issue price equal to 99.647% of the principal amount of the Notes.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Co-operative Life Limited. The ratings reflect Co-op Life?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Azuaga - Companhia de Seguros S.A.. The Credit Ratings reflect Azuaga?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
$350 million in senior debentures will be due in 2034 and $300 million in senior debentures will be due in 2054 Interstate Power and Light Company, a wholly owned subsidiary of Alliant Energy Corporation (LNT), announced the pricing of its public offering of $350 million aggregate principal amount of 4.950% senior debentures due 2034 and $300 million aggregate principal amount of 5.450% senior debent...
Performance Food Group Company (PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group (PFGC), Inc., priced its previously announced offering of $1.0 billion aggregate principal amount of 6.125% Senior Notes due 2032.
AM Best has downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Rating to ?bb-? from ?bb? of Custodian and Allied Insurance Limited. The ratings reflect CAIL?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
Wingspire Equipment Finance, a large-ticket equipment finance company, announced the successful completion of its inaugural asset-backed securitization, WEF 2024-1. The transaction included five classes of notes, with the uppermost classes receiving the highest achievable ratings of F1+/K1+ and AAA from Fitch Ratings and Kroll Bond Rating Agency.
Prime Healthcare Services, Inc., one of the nation's leading health systems with 44 award-winning hospitals in 14 states, today announced the successful closing and funding of $1.5 billion Senior Secured Notes due 2029. The bond financing was strongly supported and resulted in an upsize in total bond offering from $750 million to $1.5 billion.
Regulatory News: Mercialys, the leading REIT for accessible retail in France, has today successfully placed a new bond issue for a nominal total of Euro 300 million, with a 7-year maturity and 4.0% coupon, based on a 165 bp spread. The issue was 7.3 times oversubscribed, reflecting investors? confidence in the Company?s credit profile.
Regulatory News: Veolia took advantage of a constructive market window to issue EUR 500 million bond with a September 2034 maturity. This transaction marked the return of Veolia on the senior bond market, which the Group last tapped more than 3 years ago.
AM Best has upgraded the Financial Strength Rating to B from B- and the Long-Term Issuer Credit Rating to ?bb? from ?bb-? of Arab Reinsurance Company SAL. The ratings reflect Arab Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Star Mutual Risk Retention Group, Inc.. The outlook assigned to these Credit Ratings is stable.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Sigurd R?ck AG. The ratings reflect Sigurd?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Industrial Alliance Insurance and Financial Services Inc.. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of IA. In addition, AM Best has affirmed the FSR of A and the Long-Term ICRs of ?a? of IA?s U.S. life insurance entities within the IA American Life Group.
AM Best has revised the outlook to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Reaseguradora Delta, S.A. and Reaseguradora Delta, C.A.. The Credit Ratings of Delta Panama reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile ...
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of BCBSM, Inc., d/b/a Blue Cross Blue Shield of Minnesota, and its subsidiary, HMO Minnesota, d/b/a Blue Plus.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Bridgehaven Specialty UK Ltd. The company is a wholly owned subsidiary of Bridgehaven Europe Holdings Ltd, the non-operating holding company of the Bridgehaven group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Vantis Life Insurance Company. The ratings reflect Vantis Life?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the operating subsidiaries of AXIS Capital Holdings Limited, collectively referred to as AXIS.
AM Best has upgraded the Long-Term Issuer Credit Ratings to ?bb-? from ?b+? of Genworth Financial, Inc. [NYSE: GNW] and Genworth Holdings, Inc., as well their Long-Term Issue Credit Ratings. In addition, AM Best affirmed the Financial Strength Rating of B- and the Long-Term ICR of ?bb-? of Genworth Life and Annuity Insurance Company.
AM Best has withdrawn the Long-Term Issuer Credit Rating of ?bbb-? of National Western Life Group, Inc.. At the time of this withdrawal, the Credit Rating outlook is stable. AM Best has withdrawn this rating as National Western has requested to no longer participate in AM Best?s interactive rating process, since the company was taken private.
AM Best has withdrawn the Long-Term Issuer Credit Rating of ?bbb-? of National Western Life Group, Inc.. At the time of this withdrawal, the Credit Rating outlook is stable. AM Best has withdrawn this rating as National Western has requested to no longer participate in AM Best?s interactive rating process, since the company was taken private.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance Limited.
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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