News Results

  1. Murphy Oil Corporation Announces Pricing of $600 Million of 6.000% Senior Notes Due 2032
    Business Wire | 09/19/24 03:29 PM EDT

    Murphy Oil Corporation (MUR) announced today that it has priced an offering of $600 million of 6.000% Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

  2. AM Best Affirms Credit Ratings of Compagnie Centrale de R?assurance
    Business Wire | 09/19/24 03:26 PM EDT

    AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Centrale de R?assurance. The ratings reflect CCR?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.

  3. AM Best Upgrades Issuer Credit Rating of BTG Pactual Resseguradora S.A.; Revises Issuer Credit Rating Outlook to Stable
    Business Wire | 09/19/24 01:38 PM EDT

    AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and revised the Long-Term ICR to stable from positive and affirmed the Financial Strength Rating of B++ of BTG Pactual Resseguradora S.A.. The outlook of the FSR is stable.

  4. AM Best Assigns Credit Ratings to BTG Pactual Seguros S.A.
    Business Wire | 09/19/24 12:51 PM EDT

    AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to BTG Pactual Seguros S.A.. The outlook assigned to these Credit Ratings is stable.

  5. KBRA Assigns Rating to Stone Point Credit Corporation's $200 Million Senior Unsecured Notes
    Business Wire | 09/18/24 08:10 PM EDT

    KBRA assigns a rating of BBB to Stone Point Credit Corporation's $200 million 6.70% senior unsecured notes due 2029.

  6. AM Best Downgrades Issuer Credit Rating of Discovery Insurance Company
    Business Wire | 09/18/24 09:29 AM EDT

    AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Discovery Insurance Company. The Credit Ratings reflect Discovery?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.

  7. MicroStrategy Announces Pricing of Offering of Convertible Senior Notes
    Business Wire | 09/18/24 08:00 AM EDT

    MicroStrategy? Incorporated today announced the pricing of its offering of $875 million aggregate principal amount of 0.625% convertible senior notes due 2028. The notes will be unsecured, senior obligations of MicroStrategy (MSTR), and will bear interest at a rate of 0.625% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025.

  8. Upstart Announces Upsize and Pricing of Offering of $375,000,000 of 2.00% Convertible Senior Notes Due 2029
    Business Wire | 09/17/24 01:19 AM EDT

    Upstart Holdings, Inc. (UPST) today announced the pricing of $375,000,000 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. The notes will be senior, unsecured obligations of Upstart.

  9. MicroStrategy Announces Proposed Private Offering of $700 Million of Convertible Senior Notes
    Business Wire | 09/16/24 04:05 PM EDT

    MicroStrategy? Incorporated today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of convertible senior notes due 2028 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.

  10. Upstart Announces Proposed Private Offering of $300,000,000 of Convertible Senior Notes Due 2029
    Business Wire | 09/16/24 06:50 AM EDT

    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.

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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