W. P. Carey (WPC) said late Thursday it has priced an underwritten public offering of 1 billion euros of senior unsecured notes with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years. The notes consist of 500 million euros of 3.250% senior notes due 2031 and 500 million euros of 3.750% senior notes due 2035, the company said.
Royal Caribbean Cruises (RCL) said late Thursday it priced a registered public offering of $1.25 billion aggregate principal amount of 4.750% senior unsecured notes due 2033 and $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2038. The 2033 notes will mature on May 15, 2033, and the 2038 notes will mature on Feb. 27, 2038.
Royal Caribbean Cruises (RCL) said Thursday it has launched a registered public offering of senior unsecured notes. The company said it intends to use net proceeds from the offering to refinance its senior notes maturing in 2026 and repay existing debt. MT Newswires does not provide investment advice.
T-Mobile US (TMUS) said Thursday that its subsidiary plans to offer euro-denominated senior notes in a public offering, subject to market conditions. The company said net proceeds may be used for general corporate purposes, including share repurchases, potential dividends, and refinancing existing debt. MT Newswires does not provide investment advice.
RXO said late Wednesday it priced a $400 million offering of 6.375% senior notes due 2031. The company intends to use the net proceeds to repurchase or redeem all of its 7.5% notes due 2027 and for general corporate purposes. MT Newswires does not provide investment advice.
First Quantum Minerals (FQVLF) said Wednesday it priced a US$1.5 billion offering of 6.375% senior notes due 2036, increasing the size from the originally planned US$1.35 billion. The issue price of the notes is 100%. The notes will pay interest of 6.375% per year, paid semi-annually.
Gevo (GEVO) said Wednesday that it closed a refinancing transaction on Feb. 6 to simplify its capital structure. The company said it redeemed all $68 million of existing tranches of bonds relating to its renewable natural gas subsidiary, freeing up more than $35 million of previously restricted cash without a material change to its outstanding debt and with lower administrative costs.
InPlay Oil Wednesday said it completed its previously announced offering of 550 million New Israeli Shekels principal amount of senior unsecured bonds in Israel. The company said that the bonds bear interest at a rate of 6.23% per annum and are due Dec. 15, 2030. The company also announced that it completed the listing of its common shares and the bonds on the Tel Aviv Stock Exchange.
PulteGroup (PHM) said late Tuesday it has priced an underwritten public offering of $400 million of 4.250% senior notes due March 1, 2031, at 99.658% of the principal amount. The firm said it also priced $400 million of 4.900% senior notes due March 1, 2036, at at 99.038% of the principal amount.
Alexandria Real Estate Equities (ARE) said Tuesday it has launched an underwritten public offering of senior notes, subject to market conditions. Alexandria said it expects to use the proceeds primarily to repay commercial paper borrowings tied to its previously announced cash tender offer for outstanding senior unsecured notes.
Diversified Royalty (BEVFF) on Monday said it closed its previously announced bought deal public offering of $60 million of 5.75% convertible unsecured subordinated debentures at $1,000 per debenture. The company said it also granted the underwriters an option to buy up to an additional $9 million of debentures at $1,000 apiece to cover over-allotments, if any, and for market stabilization purposes.
MPLX (MPLX) said late Thursday it priced a $1.5 billion public offering of unsecured senior notes. The offering comprises $1 billion of 5.3% notes due 2036 and $500 million of 6.1% notes due 2056. The company expects the offering to close Feb. 12 and plans to use the net proceeds to repay its outstanding $1.5 billion of 1.75% senior notes due March 2026 at maturity.
InPlay Oil (IPOOF) said Thursday afternoon it plans to issue up to 550 million New Israeli Shekels in senior unsecured bonds in Israel. The bonds will mature on Dec. 15, 2030, rank equally with InPlay's other senior unsecured debt, and carry an interest rate set by auction, capped at 6.23% per year.
Argo Corp (ARGHF) on Wednesday said it closed a $1.5-million secured loan and extended a non-brokered private placement offering of up to 21.25-million shares at $0.40 each. Argo said it closed the loan with the strategic Canadian investment group North American Bond Company in the principal amount of $1.5 million, bearing interest at 12% per annum and maturing two years from closing.
MKS closed its 1 billion euro private offering of 4.25% senior notes due 2034. The company also refinanced its existing $2.2 billion and 587 million euro tranche B term loans, along with its $675 million revolving credit facility, with new $914 million and 587 million euro tranche B term loans and $1 billion revolving credit facility.
Artemis Gold (ARGTF) late on Tuesday said it has closed a private placement offering of C$450 million of 5.625% senior unsecured notes due 2031. The notes were issued at par under a trust indenture and are direct senior unsecured obligations of Artemis ranking equal with all of the company's other senior unsecured debt.
Liberty Energy said Wednesday it priced a private offering of $700 million of 0% convertible senior notes due March 1, 2031, upsized from a previously planned $500 million. Initial purchasers have an option to buy up to an additional $70 million of the notes.
CVR Energy (CVI) said Thursday it has launched an offering of $1 billion in total principal amount of senior unsecured notes due 2031 and senior unsecured notes due 2034.
MKS said Wednesday it is pricing its private offering of 1 billion euros aggregate principal amount of 4.250% senior notes due 2034. The offering is expected to close on Feb. 4, subject to customary closing conditions, the company said.
AdaptHealth (AHCO) said Tuesday that Moody's Ratings, the credit rating agency of Moody's, has recently upgraded the ratings of AdaptHealth LLC, the company's indirect subsidiary. The ratings upgrade includes the Corporate Family Rating to Ba2 from Ba3 and the senior unsecured notes rating to B1 from Ba3, AdaptHealth (AHCO) said. Shares of AdaptHealth (AHCO) were up over 1% in recent Tuesday premarket activity.
WhiteFiber (WYFI) said late Monday it closed an offering of $230 million of 4.5% convertible senior notes due 2031. The private offering comprised $20 million of notes issued upon the full exercise of an overallotment option by the initial purchasers. Net proceeds totaled about $221.5 million. MT Newswires does not provide investment advice.
Velocity Financial (VEL) reported preliminary Q4 earnings Monday of at least $0.90 per share, up at least 56% from a year earlier. A single analyst polled by FactSet expects $0.70. The real estate finance company said separately that it plans to offer up to $500 million in senior notes due 2031.
BioMarin Pharmaceutical (BMRN) said Monday that it plans to launch an $850 million offering of senior unsecured notes due 2034. The company said it has also launched the syndication of a new $2 billion senior secured term loan B facility in connection with the pending acquisition of Amicus Therapeutics.
Installed Building Products (IBP) said late Wednesday it closed a private offering of $500 million in aggregate principal amount of 5.625% senior unsecured notes due 2034. The company amended its existing $250 million asset-based lending revolving credit facility to increase commitments to $375 million and extend the maturity date to Jan. 21, 2031.
Uniti Group (UNIT) said Wednesday that its subsidiaries have launched a private offering of $500 million in 8.625% senior notes due 2032. The notes will be issued by Uniti Services, Uniti Fiber Holdings, Uniti Group Finance 2019 and CSL Capital.
Kosmos Energy (KOS) said Friday it has priced $350 million of 11.25% senior secured bonds due 2031 in the Nordic market. Net proceeds will be used to finance the tender offer for up to $250 million of its 7.75% senior notes due 2027, to repay debt, and for general corporate purposes, the firm said. MT Newswires does not provide investment advice.
EverGen Infrastructure (EVGIF) late Thursday announced the closing of its previously announced $13 million asset-level debt facility with Farm Credit Canada through its wholly owned subsidiary Fraser Valley Biogas, the repayment of the majority of the company's corporate debt facility, and the closing of the second tranche of its previously announced non-brokered private placement for gross proceeds of...
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.
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