Morguard (MRCBF) agreed to issue $250 million aggregate principal amount of series J senior unsecured debentures, it said after markets closed on Thursday. The debentures will bear interest at a rate of 4.307% per year and will mature on June 18, 2029. Morningstar DBRS assigned a provisional rating of "BBB" with a Stable trend.
Lloyds Banking Group (LYG) sold 75 billion Japanese yen worth of Samurai bonds on Japan's domestic market Friday, Bloomberg News reported Friday. The sale is the UK lender's first such offering in two years, according to the report. Lloyds did not immediately reply to MT Newswires' request for comment. MT Newswires does not provide investment advice.
CoreWeave (CRWV) said Thursday it intends to issue a private offering of $3.5 billion, or euro-equivalent, senior notes due 2032. The company plans to use the proceeds from the offering for general corporate purposes. MT Newswires does not provide investment advice.
North American Construction Group (NOA) priced an offering of C$200 million aggregate principal amount of 7.00% senior unsecured notes due June 16, 2031. The notes will be issued at a price of $1,000 per $1,000 of notes, the company said. NOA plans to use the proceeds to repay indebtedness under its existing credit agreement, and for general corporate purposes.
North American Construction Group (NOA) said Wednesday it has priced its $200 million private placement offering of 7% senior unsecured notes due June 16, 2031. The company said that the notes will accrue interest at 7% per annum, payable in cash semi-annually. The company said it intends to use the offering's net proceeds to repay debt and for general corporate purposes.
ICL Group (ICL) said late Tuesday it priced an offering of $800 million in senior unsecured notes due 2036 to qualified institutional investors, with a 6.036% interest rate. The company said the notes were issued at par and will pay interest semi-annually, with principal due at maturity.
Rocket Companies (RKT) intends to offer $600 million of senior debt maturing in 2031, along with an equal amount of obligations maturing in 2034, the company said Tuesday. The proposed securities will receive full unsecured backing from domestic units that currently guarantee existing corporate debt, the company said.
Amazon.com (AMZN) is set to raise C$14 billion from its investment-grade Canadian dollar bond sale, the largest such offering on record, Bloomberg reported Monday, citing people with knowledge of the matter. The tech giant is offering senior unsecured notes in five parts, with maturities ranging from three to 30 years, the report said, citing the people.
Amazon.com (AMZN) is set to raise C$14 billion from its investment-grade Canadian dollar bond sale, the largest such offering on record, Bloomberg reported Monday, citing people with knowledge of the matter. The tech giant is offering senior unsecured notes in five parts, with maturities ranging from three to 30 years, the report said, citing the people.
Devon Energy (DVN) reported Monday that between 66% and 98% of notes across seven bond series were tendered early. Almost 98% of 5.90% senior notes due 2055 were tendered, with about $733.3 million of the $750 million of outstanding principal being tendered early, followed by 93% of 5.60% senior notes due 2034, the company said.
IQVIA (IQV) said Thursday that a subsidiary has priced an offering of 950 million euros of 4.625% senior notes due June 15, 2033. Proceeds will be used to refinance its debt, the company said. IQVIA (IQV) shares were up about 3% in morning trading. Price: 187.71, Change: +5.66, Percent Change: +3.11. MT Newswires does not provide investment advice.
CES Energy Solutions (CESDF) entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement, $300.0 million of its 5.625% senior unsecured notes due June 15, 2033, it said overnight Wednesday. The offering is expected to close on or about June 15, subject to closing conditions.
Celcuity (CELC) said late Wednesday it has priced an upsized offering of $500 million of its 0.25% convertible senior notes due 2032. Underwriters have been granted a 30-day option to purchase up to an additional $75 million of the notes.
Celcuity (CELC) said Wednesday it plans to issue $400 million in convertible senior notes due 2032 through an underwritten public offering. The company said it intends to grant underwriters a 30-day option to purchase up to an additional $60 million of notes for over-allotments. Celcuity (CELC) said the terms, including interest and conversion rates, will be determined at pricing.
Cemex priced a $1.5 billion offering of its 5.75% senior notes due June 5, 2036, at 99.572% of face value, the company said late Tuesday. Cemex expects the offering to close Friday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
IQVIA (IQV) plans to raise 950 million euros through an offering of senior notes due 2033, the company said Wednesday. The proceeds from the debt offering will be used to refinance other debt, the company said. MT Newswires does not provide investment advice.
Dorman Products (DORM) has commenced a private offering of $450 million in senior notes due 2034, the automotive aftermarket supplier said Tuesday. The notes will be guaranteed by Dorman's domestic subsidiaries, with pricing terms to be determined later.
Veon (VEON) completed a $1.4 billion dual-tranche senior unsecured notes offering, using the proceeds to refinance substantially all of its debt maturing in 2027 ahead of schedule, the company said Tuesday. The offering included $700 million of 6.95% senior notes maturing in 2031 and $700 million of 7.45% senior notes due 2033, with both tranches issued at par.
The Goodyear Tire & Rubber (GT) priced a $1.05 billion offering of senior unsecured notes due 2032, carrying an annual interest rate of 8.875%, the company said Monday. The tire maker said the proceeds will be used primarily to refinance about $817 million of outstanding senior notes due 2027, with any remaining funds allocated to general corporate purposes. The offering is expected to close Thursday.
B&G Foods (BGS) said Monday it plans to issue $475 million of senior notes due 2031. The company will use the net proceeds, cash, and revolving credit facility borrowings to redeem $509.3 million of outstanding 5.25% senior notes due 2027, it said. Certain domestic units will guarantee the securities on a senior unsecured basis, the company said.
Goodyear Tire & Rubber (GT) commenced a public offering of $750 million worth of six-year senior notes, the company said Monday. Goodyear plans to use the net proceeds from this offering to pay down other debt and for general corporate purposes, the company said. MT Newswires does not provide investment advice.
Kennametal (KMT) completed a series of financing transactions aimed at boosting liquidity, extending debt maturities and supporting near-term tungsten-related working capital needs, the company said Friday. The company completed a $300 million offering of 5.800% senior unsecured notes due 2036 and a cash tender offer for $300 million of 4.625% senior notes due 2028, it said.
PBF Energy (PBF) has priced $500 million of 7.25% senior notes due 2034 in a private offering, the company said late Tuesday. The notes will be co-issued with PBF Energy's (PBF) subsidiary PBF Holding, the company said, adding that PBF Holding intends to use the net proceeds from the offering to fund the redemption in full of its outstanding 6% senior notes due 2028.
Worthington Steel (WS) said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033. The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.
Element Fleet Management (ELEEF) intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions, it said on Tuesday.
Bird Construction (BIRDF) announced Thursday that Morningstar DBRS has assigned the company an investment-grade Issuer Rating of BBB with a Stable trend.
Osisko Development (OSDVF) priced a $275 million offering and a concurrent private placement of 4.125% convertible senior unsecured notes due June 15, 2031, the company said Thursday. Qualified institutional buyers have agreed to purchase $225 million of the notes, while company affiliate Double Zero Capital will buy $50 million.
Molson Coors Beverage (TAP/A) said Wednesday that it has commenced an underwritten public offering of US dollar-denominated senior notes. The brewing company expects the offering to close on or about May 27, subject to customary closing conditions. Molson Coors (TAP/A) said it intends to use the net proceeds for general corporate purposes, including repayment of the $2 billion 3% senior notes due 2026.
Akamai Technologies (AKAM) priced a private offering of $1.5 billion of 0% convertible senior unsecured notes due May 15, 2030, and $1.5 billion of 0% convertible senior unsecured notes due May 15, 2032, the company said late Tuesday. The sale was upsized from a previous planned $1.3 billion in each case.
Elbit Systems' (ESLT) long-term rating has been upgraded by S&P Global Ratings Maalot to "ilAAA," with a stable outlook, the company said Wednesday. The ratings agency cited the company's improving financial ratios, operating performance, and robust backlog amid increasing defense budgets, Elbit Systems (ESLT) said. Shares of Elbit Systems (ESLT) were nearly 2% higher premarket Wednesday.
Redwood Trust (RWT) priced a public offering of $125 million of 9.75% senior unsecured notes due June 1, 2031, the company said late Tuesday. Underwriters have a 30-day overallotment option to purchase up to an additional $18.8 million of notes. The company expects the offering to close May 27 and plans to use the net proceeds for general corporate purposes.
Bombardier after trade Tuesday said it completed the redemption of all US$750 million of its 7.50% senior notes due in 2029. The repayment was funded through proceeds from a new debt offering along with US$250 million in cash from the company's balance sheet, it added.
American Tower (AMT) said late Tuesday it priced a public offering of 750 million euros in senior unsecured notes due 2033 at 99.663% of face value with a 4% annual interest rate.
Veon (VEON) said late Tuesday its Veon Midco unit has priced its offering of $700 million of 6.95% senior unsecured notes due 2031 and another $700 million of 7.45% of notes due 2033 at par of their principal amounts. The offering reflects its balance sheet optimization, it said. Net proceeds will be used to refinance its debt, including the purchase of its 3.375% senior notes due 2027, the company said.
Granite Construction (GVA) priced $600 million worth of 6.375% senior notes due 2034, the company said Monday. Granite intends to use the net proceeds along with cash on hand to pay down other debt and for general corporate purposes, it said. MT Newswires does not provide investment advice.
Akamai Technologies (AKAM) plans to offer $2.6 billion of 0% convertible senior notes due 2030 and 2032 in a private offering, the company said Monday. The company said it intends to use the proceeds to support accelerated capital expenditures tied to its Cloud Infrastructure Services business, including expansion of its global footprint, as well as for general corporate purposes.
Hims & Hers Health (HIMS) plans a $300 million private offering of convertible senior notes due June 1, 2032, the company said Monday. The company expects to grant initial buyers an option to purchase up to an additional $45 million of notes.
Starbucks (SBUX) said late Friday that it has raised the cap on the maximum amount it will repurchase after investors tendered about $2.6 billion of notes by the early deadline, exceeding its original repurchase capacity. The company said it increased its total acceptance cap to $1.3 billion, including $600 million for one pool of notes and $700 million for another.
Eni said Monday it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium term note program. The company said the bonds are intended for institutional investors and will be used to help maintain a balanced financial structure, with proceeds earmarked for general corporate purposes.
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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