News Results

  1. Hyatt Announces Pricing of Public Offering of Senior Notes
    Business Wire | 09/27/21 09:45 PM EDT

    Hyatt Hotels Corporation (H), a leading global hospitality company, announced today the pricing of its public offering of: The offering is expected to close on October 1, 2021, subject to customary closing conditions.

  2. BlackRock Taxable Municipal Bond Trust Increases Monthly Distribution Amount and Adopts Managed Distribution Plan
    Business Wire | 09/27/21 06:00 PM EDT

    The Board of Trustees of BlackRock Taxable Municipal Bond Trust (BBN) approved a Managed Distribution Plan for the Trust. The Plan is intended to provide shareholders of the Trust with a consistent, but not guaranteed, periodic cash payment from the Trust, regardless of when or whether income is earned or capital gains are realized.

  3. Certain Closed-End Funds Announce Renewal of Share Repurchase Programs
    Business Wire | 09/27/21 06:00 PM EDT

    BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of forty eight BlackRock municipal, taxable fixed income, and equity closed-end funds have authorized the renewal of open market share repurchase programs.

  4. PGTI Announces Closing of $575 Million of 4.375% Senior Notes due 2029
    Business Wire | 09/27/21 04:30 PM EDT

    PGT Innovations, Inc. (PGTI), a national leader in premium windows and doors, including impact-resistant products and products designed to unify indoor/outdoor living spaces, announced today the closing of its previously announced private offering of $575 million aggregate principal amount of 4.375% senior notes due 2029, which were issued at 100.000% of their principal amount, plus accrued interest f...

  5. Schneider Electric Lexington Smart Factory Among First in the World to be Named a Sustainability Lighthouse by World Economic Forum
    Business Wire | 09/27/21 11:05 AM EDT

    BOSTON---- Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Smart Factory in Lexington, Kentucky was recognized as a Sustainability Lighthouse ? one of only three worldwide ? by the World Economic Forum.

  6. The World Economic Forum Welcomes Western Digital to Prestigious Global Lighthouse Network
    Business Wire | 09/27/21 08:00 AM EDT

    SAN JOSE, Calif. ?Today?s recognition by the WEF Lighthouse Network is an honor and a testament of our leadership efforts in 4IR with both technology innovation and workforce engagement,? said David Goeckeler, CEO, Western Digital.

  7. AM Best Withdraws Credit Ratings of Crusader Insurance Company and Unico American Corporation
    Business Wire | 09/24/21 03:42 PM EDT

    AM Best has downgraded the Financial Strength Rating to C++ from B and the Long-Term Issuer Credit Rating to ?b? from ?bb+? of Crusader Insurance Company. The ratings reflect Crusader?s balance sheet strength, which AM Best assesses as weak, as well as its weak operating performance, limited business profile and marginal enterprise risk management.

  8. KBRA Releases Research ? Structured Credit Trend Watch: Record Issuance and an Evolving Marketplace
    Business Wire | 09/24/21 02:44 PM EDT

    Kroll Bond Rating Agency releases a report examining trends in the structured credit landscape, including issuance, spreads, notable structures, and document features. In addition to the sectors noted above, we discuss current developments surrounding the London Interbank Offered Rate transition and provide a recap of KBRA?s rating and surveillance activity in 2021.

  9. Catalent Announces Upsizing and Pricing of Private Offering of Senior Unsecured Notes Due 2030
    Business Wire | 09/23/21 06:49 PM EDT

    Catalent, Inc. (CTLT), the leading global provider of development sciences and manufacturing platforms for medicines, including biotherapeutics; cell and gene therapies; and consumer health products, today announced that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., priced a private offering of $650 million in aggregate principal amount of 3.500% senior unsecured notes due 2030 at par,...

  10. American Tower Corporation Prices Senior Notes Offering
    Business Wire | 09/23/21 05:10 PM EDT

    American Tower Corporation today announced the pricing of its registered public offering of senior unsecured notes due 2026, 2031 and 2051 in aggregate principal amounts of $600.0 million, $700.0 million and $500.0 million, respectively. The net proceeds of the offering are expected to be approximately $1,765.1 million, after deducting underwriting discounts and estimated offering expenses.

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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