Sonic Automotive, Inc. (SAH), a Fortune 500 Company and one of the nation?s largest automotive retailers, today announced the pricing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Seguros e Inversiones S.A. . The outlook assigned to these Credit Ratings is stable. The ratings reflect SISA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral 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 Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. These Credit Ratings reflect SNIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of East Africa Reinsurance Company Limited. The ratings reflect EARe?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Tidewater Inc. (TDW) today announced that it has finalized the terms of the Company?s offering of USD $175 million in senior secured bonds in the Nordic bond market. The bonds were privately placed in the United States in accordance with U.S. securities laws and sold outside the United States pursuant to Regulation S under the Securities Act of 1933.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+?, and the Mexico National Scale Rating of ?aaa.MX? of MAPFRE M?xico, S.A. . The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a+? and the Mexico National Scale Rating of ?aaa.MX? of MAPFRE Fianzas, S.A. . The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of ZEP-RE. The ratings reflect ZEP-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.
AM Best has revised the Long-Term Issuer Credit Rating outlook to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Kot Insurance Company AG.
Exposes the Current Directors? Lack of Alignment with Investors, Given the Millions of Dollars in Compensation that the Incumbents have Awarded Themselves Amidst Years of Losses and Recent Reductions to the Dividend Urges Fellow Shareholders to Vote on the BLUE Card to Elect Ocean Capital?s Diverse Slate of Aligned, San Juan-Based Nominees at the Fund I and Fund III Annual Meetings on October 2...
EPR Properties (EPR) announced today that it has priced an underwritten public offering of $400.0 million of 3.600% Senior Notes due 2031. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Barclays Capital Inc., RBC Capital Markets, LLC, BNP Paribas Securities Corp., Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. are acting as joint book-running managers for the offering.
BondLink, the leading provider of financial technology for governments issuing bonds in the $4 trillion municipal bond market, announced the appointments of Lynn Martin, President of Fixed Income & Data Services at Intercontinental Exchange, Inc. (ICE), and Joe Geraci, partner at Old Orchard Capital and former Citi executive, to its Board of Directors. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of New York Life Insurance Company and New York Life Insurance and Annuity Corporation.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Premier Insurance Company Limited. The ratings reflect Premier?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Sonic Automotive, Inc. (SAH), a Fortune 500 Company and one of the nation?s largest automotive retailers, today announced a proposed private offering of $1.0 billion aggregate principal amount of its Senior Notes due 2029 and Senior Notes due 2031. The timing of pricing and terms of the notes are subject to market conditions and other factors.
Boston Properties, Inc. (BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, announced today the redemption price for the $1.0 billion in aggregate principal amount of 3.85% senior unsecured notes due February 1, 2023 issued by its operating partnership, Boston Properties Limited Partnership.
?. Consort Healthcare Funding plc. GBP 63,964,000 2.9753 per cent. Index-Linked Guaranteed Secured Bonds due 2040. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 1,000.00 IS GBP 15.11779. POOL FACTOR.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Chubb Seguros Panam? S.A. . The outlook of these Credit Ratings is stable. The ratings reflect Chubb Panam??s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral 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 ?bbb-? from ?bbb+? of Oregon Dental Service. The ratings of ODS reflect its 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 affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa?, and the Mexico National Scale Rating of ?aaa.MX? of Allianz M?xico, S.A., Compa??a de Seguros.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Allianz SE and its rated subsidiaries. The ratings reflect Allianz?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 upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Aventus Insurance Company. The Credit Ratings reflect Aventus? 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.
Tidewater Inc. (TDW) today announced that it intends to commence an offering of USD denominated 5-year senior secured bonds, subject to market and other conditions. The bonds will be privately placed in the United States in accordance with U.S. securities laws and sold outside the United States pursuant to Regulation S under the Securities Act of 1933.
?. Consort Healthcare Funding plc. GBP398,680,000 1.972per cent Index Linked. Guaranteed Secured Bonds due 2044. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 1,000.00 IS GBP 11.16. POOL FACTOR.
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. Concurrently, AM Best has maintained the under review with negative implications status for the FSR of B++ and the Long-Term ICR of ?bbb+? of MII Life Insurance, Incorporated.
Physicians Realty Trust (DOC), a self-managed healthcare real estate company, announced today that its operating partnership, Physicians Realty L.P., a Delaware limited partnership, priced an offering of $500.0 million aggregate principal amount of 2.625% senior unsecured notes due 2031.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of American International Group, Inc. (AIG) [NYSE: AIG]. AM Best also has affirmed the Financial Strength Rating of A and the Long-Term ICRs of ?a? of AIG?s property/casualty insurance subsidiaries. AIG?s consolidated risk-adjusted capital level, as measured by Best?s Capital Adequacy Ratio, has been maintained at the strongest level.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Central States Indemnity Co. of Omaha, and its subsidiary, CSI Life Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Construction Guarantee Cooperative. The ratings reflect CG?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
APi Group Corporation (APG) today announced the pricing of the previously announced private offering by APi Escrow Corp., a wholly-owned subsidiary of the Company, of $300 million aggregate principal amount of 4.750% Senior Notes due 2029 at an issue price of $1,000 per $1,000 principal amount. The private offering is expected to close on October 21, 2021, subject to customary closing conditions.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada, collectively referred to as Primerica Life.
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 ?bb-? of Tower Bonding & Surety Company. The ratings reflect Tower Bonding?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
APi Group Corporation (APG) today announced that APi Escrow Corp., a wholly-owned subsidiary of the Company, intends to offer $300 million aggregate principal amount of Senior Notes due 2029 in a private offering, subject to market and other customary conditions.
Jefferies Group LLC today announced the pricing of its public offering of $1.0 billion aggregate principal amount of 2.625% Senior Notes due 2031 with an effective yield of 2.731%, maturing October 15, 2031.
American Campus Communities, Inc. (ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that its operating partnership, American Campus Communities Operating Partnership LP, priced a $400 million offering of senior unsecured notes under its existing shelf registration.
Williams announced today that it has priced a public offering of $600 million of 2.600% Senior Notes due 2031 at a price of 100.973 percent of par and $650 million of 3.500% Senior Notes due 2051 at a price of 99.833 percent of par.
Bain Capital Specialty Finance, Inc. (BCSF) today announced that it has priced an offering of $300.0 million aggregate principal amount of 2.550% senior unsecured notes due 2026. The offering is expected to close on or about October 13, 2021, subject to satisfaction of customary closing conditions.
Analog Devices Inc. (ADI), a leading global high-performance semiconductor company, has furthered its leadership in sustainable financing following the successful placement of its inaugural sustainability-linked bond offering of $750 million in 7-year notes. Earlier this year, ADI continued to advance its climate strategy with new commitments to reduce the Company?s carbon footprint.
AM Best has maintained the under review with negative implications status and affirmed the Financial Strength Rating of B, the Long-Term Issuer Credit Rating of ?bb? and the Mexico National Scale Rating of ?a.MX? of Armour Secure Insurance S.A. de C.V. . The under review with negative implications status reflects AM Best?s ongoing review of the financial situation at Armour?s holding company fo...
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Independent Mutual Fire Insurance Company. The Credit Ratings reflect IMFCO?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 revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A+ and the Long-Term ICR of ?aa-? of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has revised the Long-Term ICR outlook to positive from stable for Zurich, a non-operating holding company, and affirmed its ...
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Seguros Universales, S.A.. The outlook of these Credit Ratings is stable. The ratings reflect Universales? 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 Ohio National Life Insurance Company and its wholly owned subsidiary, Ohio National Life Assurance Corporation.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of RGA Reinsurance Company, RGA Americas Reinsurance Company, Ltd and its subsidiaries, RGA Life Reinsurance Company of Canada and RGA Atlantic Reinsurance Company, Ltd.. These companies collectively are referred to as RGA.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Oil Casualty Insurance, Ltd. AM Best also has affirmed the Long-Term Issue Credit Rating of ?bbb? on the $200 million, 8.00% deferrable subordinated debentures, due Sept. 15, 2034.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Hyundai Insurance Co., Ltd.. The outlook assigned to the Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Beneficial Insurance Limited. The ratings reflect Beneficial?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 A- and the Long-Term Issuer Credit Ratings of ?a-? of the rated operating subsidiaries of James River Group Holdings, Ltd. [NASDAQ: JRVR]. In addition, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of ?bbb-? of JRG Holdings.
SoFi Technologies, Inc. (SOFI) today announced that it priced its private offering of 0.00% convertible senior notes due 2026 and increased the aggregate principal amount of the offering to $1.1 billion. The notes will be unsecured, unsubordinated obligations of SoFi.
AM Best has downgraded the Financial Strength Rating to C++ from B+ and the Long-Term Issuer Credit Rating to ?b? from ?bbb-? of Upstream Life Insurance Company. The ratings reflect Upstream?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.
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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