News Results

  1. Dealer Tire Financial, LLC Announces Pricing of Senior Notes
    Business Wire | 05:16 PM EDT

    Dealer Tire Financial, LLC, a leading distributor of tires and a provider of value-added consulting services to automotive dealerships and automobile original equipment manufacturers, primarily in the United States, today announced that it priced $500 million in aggregate principal amount of 10.375% senior notes due 2031 in a private offering.

  2. BRIEF-Space Exploration Technologies Announces Pricing Of $25 Billion Inaugural Bond Issuance SEC Filing Shows
    Reuters | 04:58 PM EDT

    Space Exploration Technologies Corp (SPCX) : * Space Exploration Technologies Corp (SPCX) - ANNOUNCES PRICING OF $25 BILLION INAUGURAL BOND ISSUANCE - SEC FILING. * Space Exploration Technologies Corp (SPCX) - OFFERING EXPECTED TO SETTLE ON JUNE 26, 2026 - SEC FILING. * Space Exploration Technologies Corp (SPCX) - TO USE PROCEEDS TO REPAY BRIDGE LOAN AND FOR GENERAL CORPORATE PURPOSES - SEC FILING.

  3. AM Best Affirms Credit Ratings of Allshores Limited and Its Subsidiaries
    Business Wire | 04:45 PM EDT

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of Allshores General Insurance Company Limited, Allshores Life and Benefits Company Limited and Island Heritage Insurance Company, Ltd.. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of the parent company, Allshores Limited.

  4. Beazer Homes USA Closes Offering of $400 Million Senior Notes due 2032
    MT Newswires | 04:40 PM EDT

    Beazer Homes USA (BZH) closed an offering of $400 million of 8% senior unsecured notes due 2032, the company said late Tuesday. Net proceeds will be used to redeem the company's 5.875% senior notes due 2027 and for general corporate purposes, the company added. MT Newswires does not provide investment advice.

  5. Beazer Homes Announces Closing of Offering of $400 Million Senior Unsecured Notes due 2032
    Business Wire | 04:15 PM EDT

    Beazer Homes USA, Inc. (BZH) announced today the completion of its previously-announced offering of $400 million aggregate principal amount of 8.000% Senior Unsecured Notes due 2032.

  6. BRIEF-Spacex's $25 Billion Bond Offering Attracted Nearly $90 Billion Of Orders At Around Noon - FT
    Reuters | 01:53 PM EDT

    * SPACEX'S $25 BILLION BOND OFFERING ATTRACTED NEARLY $90 BILLION OF ORDERS AT AROUND NOON - FT Source text: https://tinyurl.com/y79dzyd7 Further company coverage:

  7. BRIEF-SpaceX Launches Five-Part Multi-Year Tenor Notes Offering, Document Seen By Reuters
    Reuters | 01:32 PM EDT

    Space Exploration Technologies Corp (SPCX) : * SPACEX FILES FOR OFFERING OF 5-YEAR, 7-YEAR, 10-YEAR, 20-YEAR, 30-YEAR TENOR SENIOR UNSECURED NOTES - DOCUMENT SEEN BY REUTERS. * SPACEX: PROCEEDS TO REPAY SPACEX BRIDGE LOAN IN FULL, REMAINDER FOR GENERAL CORPORATE PURPOSES - DOCUMENT SEEN BY REUTERS Further company coverage:

  8. Market Chatter: SpaceX Draws $89 Billion Demand for Debut US Bond Sale
    MT Newswires | 12:52 PM EDT

    Space Exploration Technologies' (SPCX) debut US investment-grade bond offering has drawn roughly $89 billion in demand, Bloomberg reported Tuesday, citing people with knowledge of the matter. The five-tranche deal is seeking to raise $20 billion to $25 billion and is expected to be priced on Tuesday, the report said, adding that the proceeds will refinance a bridge loan and fund corporate expenses.

  9. GFL Environmental Prices $750 Million Senior Notes Offering
    MT Newswires | 06:59 AM EDT

    GFL Environmental (GFL) priced a private offering of $750 million senior notes due 2031, which will be issued by a GFL unit, the company said Tuesday. The notes will bear a stated coupon of 5.625% or about 4.5%, depending on cross currency interest rate swaps, and will be guaranteed by GFL and certain company subsidiaries, according to the statement.

  10. Canada's Fairfax buys nearly $1 billion of Indian bonds in rare move, sources say
    Reuters | 06:32 AM EDT

    Fairfax bought Indian governmentdebt worth nearly $1 billion last Friday, according to five sources, in a rare purchase throughthe local unit of the Canadian investment holding company. The purchases by Fairfax India Holding Corp were made to bring capital into the country ahead of a potential deal to buy stake in government-owned IDBI Bank, one of the sources, who is close to Fairfax, said.

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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