News Results

  1. Genesis Energy, L.P. Announces Public Offering of Senior Notes
    Business Wire | 12/05/24 09:14 AM EST

    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.

  2. MarketAxess Expands AI-Powered Pricing Engine to Cover Municipal Bonds
    Business Wire | 12/05/24 08:30 AM EST

    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.

  3. Holley Performance Brands' Enhanced Operational Performance and Recent Credit Upgrades Have Enabled an Amendment to the Revolving Credit Facility, Creating a Covenant-Lite Capital Structure
    Business Wire | 12/05/24 08:00 AM EST

    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.

  4. BRIEF-Fitch Ratings Says China's Homebuilders Brace For Another Tough Year In 2025
    Reuters | 12/04/24 08:42 PM EST

    * 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:

  5. AM Best Assigns Credit Ratings to Santam Limited
    Business Wire | 12/04/24 07:00 PM EST

    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.

  6. BRIEF-Tapestry, Inc. Prices Senior Unsecured Notes Offering
    Reuters | 12/04/24 05:53 PM EST

    Tapestry Inc (TPR): * TAPESTRY, INC. PRICES SENIOR UNSECURED NOTES OFFERING. * Tapestry Inc (TPR) - PRICES $1.5 BILLION IN SENIOR UNSECURED NOTES Source text: Further company coverage:

  7. Tapestry, Inc. Prices Senior Unsecured Notes Offering
    Business Wire | 12/04/24 05:50 PM EST

    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.

  8. MARA Holdings, Inc. Completes $850 Million Offering of Zero-Coupon Convertible Senior Notes due 2031
    GlobeNewswire | 12/04/24 05:00 PM EST

    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.

  9. AM Best Affirms Credit Ratings of Constellation Insurance, Inc. and Members of AuguStar Life Group and Its Subsidiary
    Business Wire | 12/04/24 04:52 PM EST

    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.

  10. AM Best Affirms Credit Ratings of Insurance Corporation of Barbados Limited
    Business Wire | 12/04/24 04:51 PM EST

    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.

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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