AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Continental General Insurance Company. The ratings reflect CGIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
Casella Waste Systems Inc (CWST): * Casella Waste Systems Inc (CWST) - OFFERING OF UP TO $45.0 MILLION OF FINANCE AUTHORITY OF MAINE SOLID WASTE DISPOSAL REVENUE BONDS SERIES 2024 Source text: Further company coverage:
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $45.0 million aggregate principal amount of the Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2024 under an indenture between the Authority and the bond trustee.
MicroStrategy? Incorporated today announced that it completed its previously announced offering of its 0% convertible senior notes due 2029. The notes are unsecured, senior obligations of MicroStrategy.
Gildan Activewear Inc (GIL): * GILDAN ANNOUNCES PRIVATE OFFERING OF C$700 MILLION SENIOR UNSECURED NOTES. * Gildan Activewear Inc (GIL): INTENDS TO USE NET PROCEEDS OF OFFERING FOR REPAYMENT OF INDEBTEDNESS OUTSTANDING UNDER ITS CREDIT FACILITIES. * Gildan Activewear Inc (GIL) - PROCEEDS TO BE USED FOR REPAYMENT OF INDEBTEDNESS Source text: Further company coverage:
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 November 20, 2024 of its offering of 0.00% convertible senior notes due 2030.
Gildan Activewear Inc. (GIL) announced today that it has priced an inaugural offering of C$700?million aggregate principal amount of senior unsecured notes in two series, consisting of C$500?million aggregate principal amount of 4.362% senior unsecured notes, Series 1, due 2029 and C$200?million aggregate principal amount of 4.711% senior unsecured notes, Series 2, due 2031.
AppLovin Corporation (APP) announced today the pricing of its public offering of $3.55 billion aggregate principal amount of senior notes consisting of $1,000 million aggregate principal amount of 5.125% Senior Notes due 2029, $1,000 million aggregate principal amount of 5.375% Senior Notes due 2031, $1,000 million aggregate principal amount of 5.500% Senior Notes due 2034 and $550 million aggregate ...
Ramaco Resources Inc (METCB): * RAMACO RESOURCES, INC. ANNOUNCES PROPOSED PUBLIC OFFERING OF SENIOR UNSECURED NOTES DUE 2029 Source text: Further company coverage:
NORFOLK, Va., Nov. 20, 2024 PRA Group, Inc. (PRAA), a global leader in acquiring and collecting nonperforming loans, announced today the pricing of its upsized offering of $150.0 million aggregate principal amount of 8.875% Senior Notes due 2030, which was upsized by $50.0 million from the previously announced $100.0 million, at a price of 103.625% of their principal amount, in a private transaction t...
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Highmark Inc. and its life/health subsidiaries, collectively known as Highmark Inc. Group.
LEXINGTON, Ky., Nov. 20, 2024 Ramaco Resources, Inc. (METCB), an operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming, announced today that it plans to offer senior unsecured notes due 2029 in a registered underwritten public offering.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Arabia Insurance Company s.a.l.. The outlook of these Credit Ratings is stable. The ratings reflect AIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Arabia Insurance Company ? Jordan. The ratings reflect AICJ?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile, and appropriate enterprise risk management.
KBRA assigns a rating of BBB to MSD Investment Corp.'s $265 million senior unsecured notes that are comprised of three tranches. Key Credit Considerations The rating and Outlook are supported by MSD's diversified $4.0 billion investment portfolio with a high percentage of senior secured first lien loans to 82 portfolio companies in 26 sectors.
?. Australia and New Zealand Banking Group. Issue of EUR 1,500,000,000.00. Floating Rate Senior Unsecured Notes due May 2027. Series no 2123 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 1,000.00 IS EUR 8.72. POOL FACTOR.
Phoenix Capital Group proudly announces the expansion of its Capital Markets team with the addition of three new licensed representatives who joined in the second half of 2024. The Capital Markets team is responsible for working with investors who participate in the company?s 9?13% annual yield corporate bond offerings.
MicroStrategy? Incorporated today announced the pricing of its offering of $2.6 billion aggregate principal amount of its 0% convertible senior notes due 2029. The notes will be unsecured, senior obligations of MicroStrategy.
Alibaba (BABA) has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year. The company priced an offering of aggregate principal amount of $2.65 billion in U.S. dollar-denominated notes and 17 billion yuan worth of offshore yuan-denominated bonds.
Alibaba Group Holding Ltd (BABA): * ALIBABA GROUP PRICES US$2.65 BILLION OFFERING OF U.S. DOLLAR-DENOMINATED SENIOR UNSECURED NOTES AND RMB17 BILLION OFFERING OF RMB-DENOMINATED SENIOR UNSECURED NOTES. * OFFERING OF USD NOTES IS EXPECTED TO CLOSE ON NOVEMBER 26, 2024. * OFFERING OF RMB NOTES IS EXPECTED TO CLOSE ON NOVEMBER 28, 2024.
-Alibaba (BABA) has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year. The company priced an offering of aggregate principal amount of $2.65 billion in U.S. dollar-denominated notes and 17 billion yuan worth of offshore yuan-denominated bonds.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the pricing of an offering 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% notes due 2035 at an issue ...
* S&P SAYS CONGO-BRAZZAVILLE LOCAL CURRENCY RATING RAISED TO 'CCC+' ON FINALIZED DEBT EXCHANGE; FC RATING AFFIRMED; OUTLOOK STABLE Source text: Further company coverage: [ ]
Methanex Corp (MEOH): * METHANEX ANNOUNCES UPSIZE AND PRICING OF SENIOR UNSECURED NOTES. * Methanex Corp (MEOH) - OFFERING SIZE INCREASED TO $600 MILLION FROM $500 MILLION. * Methanex Corp (MEOH): INTENDS TO USE NET PROCEEDS TO FUND A PORTION OF CASH PURCHASE PRICE OF DEAL TO ACQUIRE OCI GLOBAL'S INTERNATIONAL METHANOL BUSINESS Source text: Further company coverage:
Methanex Corporation (MEOH) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has priced an offering of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
Methanex Corporation (MEOH) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has launched an offering of US$500 million aggregate principal amount of senior unsecured notes due 2032 in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended.
MECHANICSBURG, Pa. ?, Nov. 18, 2024 Select Medical Holdings Corporation (SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings, has priced a private offering of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032.
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 2030. The notes will be unsecured, senior obligations of MARA.
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $600.0 million and $600.0 million, respectively. The net proceeds of the offering are expected to be approximately $1,183.7 million, after deducting underwriting discounts and estimated offering expenses.
Hyatt Hotels Corporation (H), a leading global hospitality company, announced today the pricing of its public offering of $150,000,000 aggregate principal amount of senior notes due 2029, which will bear interest at a fixed annual rate of 5.250% and $450,000,000 aggregate principal amount of senior notes due 2031, which will bear interest at a fixed annual rate of 5.375%. The 2029 Notes will be a f...
CALGARY, AB, Nov. 18, 2024 NOVA Chemicals Corporation announced today the pricing of a private offering of $400 million of senior unsecured notes, structured as 7-year non-call 3-years.
VICI Properties Inc. (VICI) announced today that Moody?s Investors Service, Inc. upgraded its issuer credit rating for VICI Properties L.P. to ?Baa3? from ?Ba1?, with a stable outlook. David Kieske, Chief Financial Officer of VICI Properties (VICI), said, ?Today?s announcement reflects the strong credit profile VICI has worked tirelessly to build since the Company?s inception.
MicroStrategy? Incorporated today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of its 0% convertible senior notes due 2029 in 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 and to certain non-U.S. persons in...
Sustainability Bonds Rated 'A+' by S&P Global Ratings, Enable Growth for Loan Fund BOSTON, Nov. 18, 2024 /PRNewswire/ -- BlueHub Capital today announces its affiliate, BlueHub Loan Fund, a leading national nonprofit community development financial institution, successfully issued $86.8 million of Sustainability Bonds in its second public debt offering.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
?CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for October 2024. North American corporate CUSIP requests totaled 7,597 in October, which is up 6.1% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? rose 25.0% versus September totals.
BondCliQ Inc., creator and operator of the first and only consolidated quote system for U.S. corporate bonds, announces today a partnership with BlackRock?s Aladdin? platform to deliver real-time, consolidated institutional pricing data to their client community.
CALGARY, AB, Nov. 18, 2024 NOVA Chemicals Corporation announced today that it intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2031 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.
MECHANICSBURG, Pa., Nov. 18, 2024 Select Medical Holdings Corporation (SEM), today announced that Select Medical Corporation has commenced a private offering, subject to market and other customary conditions, of $850 million in aggregate principal amount of senior notes due 2032.
MOODY'S: * MOODY'S: DOWNGRADED GOV OF BANGLADESH'S LONG-TERM ISSUER AND SENIOR UNSECURED RATINGS TO B2 AND AFFIRMED SHORT-TERM ISSUER RATINGS AT NOT PRIME. * MOODY'S ON BANGLADESH: DOWNGRADE REFLECTS HEIGHTENED POLITICAL RISKS AND LOWER GROWTH. * MOODY'S: NEGATIVE OUTLOOK REFLECTS DOWNSIDE RISKS TO BANGLADESH'S GROWTH OUTLOOK BEYOND OUR CURRENT EXPECTATIONS.
La Francaise des Jeux SA: * FDJ ANNOUNCES SUCCESSFUL PLACEMENT OF ITS INAUGURAL BOND ISSUE FOR EUR 1.5 BLN TO REFINANCE KINDRED'S ACQUISITION. * EUR 500 MLN BONDS MATURING 2036 WITH 3.625% COUPON. * EUR 500 MLN OF BONDS MATURING ON 21 NOVEMBER 2033, WITH AN ANNUAL COUPON OF 3.375% * FINALISES EUR 400 MLN SYNDICATED LOAN TO BE REPAID OVER 5 YEARS.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced that it proposes to concurrently offer U.S. dollar-denominated senior unsecured notes and RMB-denominated senior unsecured notes, subject to market and other conditions.
- Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines (SAVE) to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default appears probable. Earlier this week, the carrier said that it was in talks with creditors and was continuing to explore strategic alternatives to improve liquidity.
Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines (SAVE) to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default appears probable. Earlier this week, the carrier said that it was in talks with creditors and was continuing to explore strategic alternatives to improve liquidity.
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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