Commercial Metals (CMC) said late Wednesday it closed an offering of $1 billion of 5.75% senior notes due Nov. 15, 2033, and $1 billion of 6% senior notes due Dec. 15, 2035. The company said it plans to use the net proceeds from the offering to fund its acquisition of Foley Products and for general corporate purposes. MT Newswires does not provide investment advice.
CIBC Capital Markets Tuesday lowered Vizsla Silver's price target to C$10.25 from $11.00 with an outperformer rating. CIBC said the company is now off research restriction after it closed an offering of 5% convertible senior unsecured notes due 2031 for an aggregate principal amount of US$300 million.
Doman Building Materials Group (CWXZF) entered Wednesday into an underwriting agreement with a syndicate of underwriters to sell an additional $170 million aggregate principal amount of its 7.50% Senior Unsecured Notes due September 17, 2029. In a statement DBM said the net proceeds from the issuance will be approximately $167 million.
Symbotic (SYM) shares soared 35% amid heavy trading after the company reported higher fiscal Q4 revenue overnight. Craig-Hallum upgraded Symbotic's (SYM) shares to buy from hold while adjusting the price target to $70 from $51. More than 8.1 million shares of the company traded intraday compared with a daily average of about 2 million.
GXO Logistics (GXO) said Monday that its GXO Logistics Capital subsidiary issued 500 million euros in senior unsecured notes in Europe. The company said the notes carry an annual interest rate of 3.75%, payable once a year starting Nov. 24, 2026, and will mature on Nov. 24, 2030. Proceeds will be used to refinance upcoming maturities, GXO Chief Financial Officer Baris Oran said.
Bowhead Specialty (BOW) said Thursday that it has priced a public offering of $150 million worth of its 7.750% senior notes due 2030. The offering is expected to close on Tuesday. The company said it plans to use proceeds of the offering to make capital contributions to its insurance subsidiary and for other general corporate purposes. MT Newswires does not provide investment advice.
Cenovus Energy (CVE) on Thursday said it completed a public offering in Canada and the U.S. of $2.6 billion in senior notes. The senior notes are comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036.
MarketAxess Holdings (MKTX), which operates an electronic trading platform for corporate bonds and other fixed-income securities, is facing a potentially benign credit outlook that may weigh on secondary volumes into 2026, Morgan Stanley said Thursday in a report. Morgan Stanley downgraded MarketAxess (MKTX) shares to equal weight from overweight and lowered its price target to $209 from $247.
Secure Waste Infrastructure (SECYF) said Thursday that it has closed its $300 million private placement of 5.75% senior unsecured notes due 2032. Proceeds will be used to pay down debt and for general corporate purposes. Secure Waste is up $0.37, to $18.56, on the Toronto Stock Exchange. Price: 18.55, Change: +0.36, Percent Change: +1.98. MT Newswires does not provide investment advice.
Getty Realty (GTY) said Thursday it has signed agreements to issue $250 million of senior unsecured notes in a private placement. The notes, which have a 10-year term and a fixed interest rate of 5.76%, are slated to fund on Jan. 22, 2026, the company said.
Vizsla Silver (VZLA), which at last look dropped near 13% in U.S. pre-market trading, said it has priced an offering of convertible senior unsecured notes due 2031 totaling US$250 million. The notes will bear cash interest semi-annually at a rate of 5.00% per annum.
PPL subsidiary PPL Capital Funding said Wednesday that it priced $1 billion of its 3% exchangeable senior unsecured notes due 2030 in a private placement. The company also granted the initial purchasers a 13-day option to buy up to an additional $150 million of notes.
Vizsla Silver (VZLA) said Thursday it priced a $250 million offering of convertible senior unsecured notes due 2031, for about $239.4 million in expected net proceeds. Initial purchasers have a 13-day overallotment option to buy up to an additional $50 million of the notes.
Vizsla Silver (VZLA) said Wednesday it plans to raise $250 million through offering of convertible senior unsecured notes due 2031. The company said it may grant buyers a 13-day option to purchase up to $50 million in additional notes. Proceeds will go toward the Panuco Project, potential acquisitions, and general corporate needs, Vizsla added.
Baxter International (BAX) said late Wednesday that it has increased the maximum purchase price for its $1.45 billion of 1.915% senior unsecured notes due 2027 that it can repurchase under a cash tender offer for the notes to $600 million from $300 million. Earlier in the day, Baxter said it launched tender offers to buy certain debt securities for cash. MT Newswires does not provide investment advice.
Vizsla Silver (VZLA), was last seen down 15% in after-hours New York trading after the company on Wednesday said it intends to offer US$250 million in convertible senior unsecured notes due 2031, with an option for initial purchasers to buy an additional US$50 million of notes within 13 days of issuance.
Element Fleet Management (ELEEF) on Wednesday said it 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.
Baxter International (BAX) said Wednesday that it has launched tender offers to buy certain debt securities for cash. The tender offers include the 2.600% senior unsecured notes due 2026, which have $750 million of outstanding principle, and the 1.915% senior unsecured notes due 2027, which have $1.45 billion of outstanding principle.
PPL's capital funding subsidiary said Wednesday it plans to offer $1 billion worth of exchangeable senior notes due 2030 in a private placement. The PPL funding subsidiary said it intends to grant initial purchasers a 13-day option to purchase up to $150 million worth of additional notes.
Cenovus Energy (CVE), which recently completed its acquisition of MEG Energy Corp, was at last look Wednesday down 0.3% in US premarket after announcing overnight that it has priced an offering of $2.6 billion in aggregate principal amount of senior unsecured notes.
Molina Healthcare (MOH) said late Monday it priced a $850 million private offering of 6.5% senior notes due Feb. 15, 2031, for about $838 million in expected net proceeds. The company expects the offering to close by Thursday and plans to use the net proceeds for general corporate purposes. Molina shares were up 2.8% in recent premarket activity Tuesday. MT Newswires does not provide investment advice.
Redwood Trust (RWT) said Monday it has priced an underwritten public offering of $100 million of 9.50% senior notes due 2030. The company said it has granted its underwriters a 30-day option to buy up to an additional $15 million of the notes. Redwood said it expects to close the offering on Nov. 19, with net proceeds to be used for general corporate purposes.
Amazon.com (AMZN) has commenced a US dollar corporate bond sale in as many as six parts, Bloomberg reported Monday, citing a person familiar with the matter. The tech giant is looking to raise about $12 billion from the sale, which is its first such offering in about three years, according to the report.
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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