Genesis Energy, L.P. (GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior notes due 2033. Wells Fargo Securities, LLC is leading the offering along with several joint book-running managers and co-managers.
CP+? real-time pricing now available on the fastest growing electronic muni marketplace MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that CP+, the AI-powered, algorithmic pricing engine for global credit and rates markets, will now also cover municipal bonds.
Proactively Enters into an Amendment which Provides Improved Financial Flexibility Holley Performance Brands a leader in automotive aftermarket performance solutions, today announced the successful amendment of its senior secured revolving credit facility, effective December 4, 2024.
* FITCH RATINGS: CHINA'S HOMEBUILDERS BRACE FOR ANOTHER TOUGH YEAR IN 2025. * FITCH RATINGS - HOME SALES IN CHINA WILL CONTINUE TO DECLINE BY 15% Source text:
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? to Santam Limited. The ratings reflect Santam?s consolidated balance sheet strength, which AM Best assesses as strong, as well as the company?s strong operating performance, neutral business profile and appropriate enterprise risk management.
Tapestry, Inc. (TPR) a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of its offering of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035.
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 MARA Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing on December 4, 2024 of its offering of 0.00% convertible senior notes due 2031.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of AuguStar Life Insurance Company and its wholly owned subsidiary, AuguStar Life Assurance Corporation.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Insurance Corporation of Barbados Limited. The ratings reflect ICBL?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has withdrawn the Long-Term Issue Credit Ratings of ?bbb-? on $500 million, 5% senior unsecured notes, due 2027; ?bb? on $300 million, 6.625% perpetual, non-cumulative preferred stock; and ?bb? on $400 million, 5.95% perpetual, non-cumulative preferred stock of American Equity Investment Life Holding Company, as the company has requested to no longer participate in AM Best?s interactive...
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The Credit 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 managem...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. The ratings reflect Hannover Re?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 HDI Global Seguros, S.A.. Concurrently, AM Best has affirmed the Mexico National Scale Rating of ?aaa.MX? of HDI-GS.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and its rated insurance subsidiaries.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. The outlook of these Credit Ratings is negative. The 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 ?bbb-? of Continental Reinsurance Plc. The ratings reflect CRe?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral 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 Mongolian National Reinsurance JSC. The ratings reflect Mongolian Re?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.
Tapestry, Inc. (TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of senior unsecured notes.
IREN Limited (IREN) today announced the pricing of its offering of $400 million aggregate principal amount of 3.25% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced the pricing of its offering of $190 million aggregate principal amount of its 3.50% Convertible Senior Notes due 2029 through 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.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES OFFERING AND PRICING OF REOPENING OF $100 MILLION SENIOR NOTES DUE 2029. * Doman Building Materials Group Ltd (CWXZF) - TO SELL ADDITIONAL $100 MILLION OF 7.50% SENIOR UNSECURED NOTES Source text: Further company coverage:
Coterra Energy Inc. (CTRA) announced today that it has priced an offering of $750 million aggregate principal amount of senior unsecured notes due 2035, which will carry an interest rate of 5.40%, and $750 million aggregate principal amount of senior unsecured notes due 2055, which will carry an interest rate of 5.90%. The offering is expected to close on December 17, 2024, subject to the satisfaction...
- US$850 million Senior Unsecured Notes due 2028 and US$650 million Senior Unsecured Notes due 2030 Avolon Holdings Limited, a leading global aviation finance company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion of senior unsecured notes.
Ready Capital Corporation (RC) today announced that it priced an underwritten public offering of?$115.0 million?aggregate principal amount of 9.00% Senior Notes due 2029. The offering is expected to close on?December 10, 2024?and is subject to customary closing conditions.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced that it has priced an upsized offering by way of a private placement of $1.2 billion aggregate principal amount of its 6.25% Senior Notes due 2033.
MECHANICSBURG, Pa., Dec. 3, 2024 Select Medical Holdings Corporation (SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings, has completed a private offering of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032.
IREN Limited today announced its intention to offer, subject to market and other conditions, $300?million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Greystone, a leading national commercial real estate finance company, announced that Greystone Senior Debt BI, LTD., a subsidiary of the Greystone Senior Debt Fund, has completed a Series A bond offering of approximately $160 million on the Tel Aviv Stock Exchange.
Fitch: * FITCH: SECTOR OUTLOOK FOR U.S. BANKS REVISED TO NEUTRAL IN 2025 FROM DETERIORATING IN 2024. * FITCH: U.S. BANKS WILL BENEFIT FROM A MORE SUPPORTIVE OPERATING ENVIRONMENT IN 2025 Source text:
Bondholders of the Puerto Rico Electric Power Authority, including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation, today issued the following statement: ?On November 13, the United States Court of Appeals for the First Circuit confirmed its June 12 ruling that PREPA?s $8 billion plus of revenue bonds are secured by a properly perfected ...
Ready Capital Corporation (RC) today announced that it is commencing an underwritten public offering of senior unsecured notes due 2029. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol ?RCD. A registration statement relating to the securities was filed with the Securities and Exchange Commission and immediately became effective on March 22, 2022.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced a proposed offering by way of a private placement of a total of $750.0 million aggregate principal amount of its Senior Notes due 2033.
Qube Holdings Ltd (QUBHF): * QUBE SUCCESSFULLY PRICES A$600 MILLLION OF SENIOR UNSECURED NOTES. * 7 YEAR NOTES PRICED AT A YIELD OF APPROXIMATELY 5.65% * SETTLEMENT OF ISSUANCE IS SCHEDULED ON 11TH DEC Further company coverage:
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Cencora, Inc. (COR) today announced that it priced $500 million aggregate principal amount of its 4.625% Senior Notes due December 15, 2027, $600 million aggregate principal amount of its 4.850% Senior Notes due December 15, 2029 and $700 million aggregate principal amount of its 5.150% Senior Notes due February 15, 2035, in an underwritten registered public offering.
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 MARA Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2031. The notes will be unsecured, senior obligations of MARA.
SALT LAKE CITY, Dec. 2, 2024 Extra Space Storage Inc. (EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP, has priced a public offering of $300 million aggregate principal amount of additional 5.700% senior notes due 2028.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 through 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. indie ex...
Shares of Toast Inc (TOST) added more than 40% in November, after the company reported strong third-quarter results. Although the Boston-based company is among the "best share gainers in the payments space," its stock has risen more than 135% year to date, according to Goldman Sachs. Analyst Will Nance downgraded the rating for Toast from Buy to Neutral, while raising the price target to $45.
MINNEAPOLIS, Dec. 2, 2024 Xcel Energy Inc. (XEL) announced today the commencement of offers to purchase for cash up to $110,000,000 aggregate principal amount of the outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation, a wholly owned subsidiary of Xcel Energy (XEL), listed in the table below.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securitie...
MOODY'S: * MOODY'S RATINGS CHANGES HUNGARY'S OUTLOOK TO NEGATIVE FROM STABLE, AFFIRMS BAA2 RATINGS. * MOODY'S: DECISION TO CHANGE OUTLOOK TO NEGATIVE REFLECTS DOWNSIDE RISKS RELATED TO QUALITY OF HUNGARY'S INSTITUTIONS & GOVERNANCE. * MOODY'S ON HUNGARY SAYS EXPECT DEBT AFFORDABILITY TO BE PARTIALLY REVERSED BY 2025 Source text:
-China-based property developer Kaisa said on Friday it would hold an extraordinary general meeting of its shareholders on Dec. 18 to seek various approvals in relation to its $12.27 billion debt restructuring agreement. The developer has been working to restructure its debt since defaulting on $12 billion in offshore bonds in late 2021.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the completion of an offering, on November 26, 2024, of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% n...
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.