Aptiv (APTV) said late Wednesday that a newly formed holding company for its electrical distribution systems unit priced an expanded $1.6 billion private debt offering. The transaction features equal $800 million in senior notes maturing in 2031 and 2034, which represent a $100 million increase from the original target, the company said.
Aptiv (APTV) said Wednesday its electrical distribution systems spin-off units began a private offering of $1.5 billion in senior notes due 2031 and 2034.
Vertiv (VRT) said late Tuesday it closed an offering of $2.1 billion of senior unsecured notes as well as entered a new $2.5 billion senior unsecured revolving credit facility. Net proceeds from the offering of $2.08 billion were used with cash on hand to repay outstandings under the company's secured term loan and cover related overheads, according to a statement.
Paramount Skydance (PSKY) corporate and long-term borrowing rates were downgraded to junk status Monday by Fitch Ratings following its agreement to deal to buy Warner Bros. Discovery (WBD). Fitch lowered the company's short-term and long-term issuer default ratings and its senior unsecured debt, and placed all the ratings on rating watch negative status.
Royal Caribbean Group completed a registered public offering of $1.25 billions of 4.75% senior unsecured notes due 2033 and $1.25 billion of 5.25% senior unsecured notes due 2038. The notes will mature on May 15, 2033, and Feb. 27, 2038, unless earlier redeemed or repurchased, the company said Friday in a statement.
Fairfax Financial Holdings Friday said its has completed its $650 million senior notes offering. The company completed an offering of $400 million of 4.40% notes due 2036 and an additional $250 million of 5.10% notes due 2055. Proceeds will be used to pay down debt or to pursue potential acquisition or investment opportunities. MT Newswires does not provide investment advice.
NextEra Energy (NEE/PU) said late Thursday it priced its public offering of $2 billion in equity units, expected to close on Tuesday. Each equity unit, to be issued at $50, will consist of a contract to purchase NextEra Energy (NEE/PU) common stock, as well as undivided beneficial interests in two series of debentures, each with a $1,000 principal amount, issued by NextEra Energy Capital (NEE/PU), the company said.
Sunoco (SUN) said late Thursday it priced a $1.2 billion private offering of its senior notes at 100%, upsized from a previously planned $1 billion. The upsized offering comprises $600 million of 5.375% notes due 2031 and $600 million of 5.625% notes due 2034. The company expects the offering to close March 9 and plans to use the net proceeds to redeem certain notes, among other things.
Ameren (AEE) said late Thursday it priced a $400 million public offering of 5% senior notes due 2036 at 99.802% of principal amount. The company expects the offering to close Wednesday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
Chemours (CC) said Thursday it plans to offer $600 million of senior unsecured notes due 2034. Net proceeds will be used to redeem its 5.375% senior notes due 2027 and a portion of its 5.750% senior notes due 2028, it said. Shares were down over 2% in recent trading. Price: 17.49, Change: -0.53, Percent Change: -2.94. MT Newswires does not provide investment advice.
Matador Resources (MTDR) said Thursday it plans to offer $750 million of senior unsecured notes due 2034 in a private placement. Separately, the company said it has commenced a cash tender offer to purchase any and all of its $500 million outstanding 6.875% senior notes due 2028.
Gaming and Leisure Properties (GLPI) said late Wednesday it priced an $800 million public offering of 5.625% senior unsecured notes due March 1, 2036, at 99.857% of par value. The company expects the offering to close March 4 and plans to use the net proceeds to repay borrowings outstanding under its operating partnership's term loan credit facility, among other things.
Targa Resources (TRGP) said Wednesday it priced an underwritten public offering of $750 million total principal amount of its 4.350% senior notes due 2031 and $750 million total principal amount of its 6.050% senior notes due 2056. The company intends to close the offering on Monday, the midstream services provider said, adding that it plans to use the net proceeds for general corporate purposes.
Ryman Hospitality Properties (RHP) said late Wednesday its RHP Hotel Properties and RHP Finance units priced a $700 million private placement of 5.75% senior unsecured notes due 2034, for about $687 million in expected net proceeds.
Reinsurance Group of America (RGA) said Tuesday that it priced an underwritten registered public offering of $400 million aggregate principal amount of 6.375% fixed-rate reset subordinated debentures due 2056 at an issue price of 100%. The company said it expects to close the offering on March 3 and plans to use the proceeds for general corporate purposes, including potentially refinancing debt oblig...
Metro late on Monday priced a private placement offering of C$350 million of 3.469% senior unsecured notes due Feb. 25, 2031. The Series M notes were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.469% per annum if held to maturity. Net proceeds from the offering will be used to repay debt under Metro's revolving credit facility and for general corporate purposes.
Verisk Analytics (VRSK) said Monday it priced a debt offering consisting of $500 million in 4.450% senior notes due in 2031 and $500 million in 5.125% senior notes maturing in 2036. The insurance data analytics provider expects the transaction to close Thursday, subject to customary closing conditions, the company said.
PPL said Monday that it is planning a public offering of 20 million units at $50 each, for a total of $1 billion. The company said each unit will consist of a contract to purchase a PPL common share and two 1/40 ownership interests in PPL Capital Funding's remarketable senior notes, each with a $1,000 principal amount.
Capital Clean Energy Carriers (CCEC) said late Friday it priced an offering of 250 million euros of 3.75% unsecured bonds due 2033 to investors in Greece. The offering is expected to be completed by Feb. 25, subject to closing conditions, the company said. Proceeds will be used to repay debt and for working capital, the company added. MT Newswires does not provide investment advice.
HA Sustainable Infrastructure Capital (HASI) said Friday it has priced a registered public offering of $400 million of 6.000% green senior unsecured notes due 2036.
Genesis Energy said late Wednesday it priced a public offering of $750 million of 6.75% senior notes due 2034 at 100% of their principal amount, upsized from a previously planned $500 million.
Genesis Energy said Wednesday it is starting a registered underwritten public offering of $500 million of senior notes due 2034, subject to market conditions. The notes will be co-issued with unit Genesis Energy Finance, the company said.
Verizon Communications (VZ) is looking to sell euro and UK pound-denominated hybrid bonds, Bloomberg reported Wednesday, citing unnamed people familiar with the matter. The mobile communications operator is marketing the notes due 2056 and callable in 2032 at around 4.75% in euros and 6.25% in pounds, according to the report.
Howmet Aerospace (HWM) said late Tuesday it has priced its underwritten public offering of $1.2 billion in senior notes. The company said the offering includes $400 million of 3.75% notes due 2028, $300 million of 3.90% notes due 2029, and $500 million of 4.75% notes due 2036.
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.
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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