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.
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...
NEW YORK, Sept. 27, 2021 ?American Finance Trust, Inc. (AFIN) today announced that the Company and American Finance Operating Partnership, L.P., the Company's operating partnership subsidiary, plan to offer, subject to market and other conditions, $400 million aggregate principal amount of seven-year senior unsecured notes.
RALEIGH, N.C., Sept. 27, 2021 ?Enact Holdings, Inc.? a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that ratings agencies have made several updates to various ratings and outlooks for the company and its core insurance subsidiary, Genworth Mortgage Insurance Corporation.
Kuwait's Burgan Bank has hired Citi and Standard Chartered (SCBFF) to lead a planned sale of senior U.S. dollar-denominated six-year bonds, a bank document showed on Monday. Other banks on the deal are Bank ABC, Emirates NBD Capital, First Abu Dhabi Bank, HSBC (HSBC), Industrial and Commercial Bank of China (IDCBF), JPMorgan (JPM), Mizuho Securities and NBK Capital.
S&P Global Ratings said on Friday it had revised Mexican cement maker Cemex's outlook to positive from negative due to a strong recovery in its business and confirmed its ratings of 'BB' and 'mxA/mxA-1'.
Clearway Energy Inc: * CLEARWAY ENERGY OPERATING LLC, A SUBSIDIARY OF CLEARWAY ENERGY, INC., ANNOUNCES PRICING OF OFFERING OF $350 MILLION "GREEN BOND" * CLEARWAY ENERGY INC - UNIT PRICED ITS OFFERING OF $350 MILLION 3.750% SENIOR NOTES DUE 2032. * CLEARWAY ENERGY INC - NEW NOTES WILL MATURE ON JANUARY 15, 2032 Source text for Eikon: Further company coverage:
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.
Clearway Energy Operating LLC?, a subsidiary of?Clearway Energy (CWEN/A), Inc.?, has priced its offering of?$350 million?in aggregate principal amount of 3.750% senior notes due 2032 at a price to the public of 100% of their face value. The New Notes will mature on?January 15, 2032.
Clearway Energy Inc: * CLEARWAY ENERGY OPERATING LLC, A SUBSIDIARY OF CLEARWAY ENERGY, INC., ANNOUNCES PROPOSED OFFERING OF $350 MILLION "GREEN BOND" Source text for Eikon: Further company coverage:
A deadline passed on Thursday for China Evergrande (EGRNF), the world's most indebted property company, to pay $83.5 million in interest on a dollar bond. Here is a timeline of this week's developments. MONDAY, SEPT. 20: Evergrande shares in Hong Kong hit lowest level since 2010. S&P Global Ratings says it does not expect Beijing to provide any direct support to the company.
Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc. (CWEN/A), intends to commence an offering of $350 million in aggregate principal amount of senior notes due 2032.
European stocks were lower Friday as bond yields continued to rise and investors kept an eye on troubled real estate giant China Evergrande headed into the weekend. Stocks had enjoyed two strong days of gains following the Federal Reserve's policy meeting on Wednesday, as markets seemed to welcome a delay to the start of tapering and ignored the hawkish undertones of the central bank's outlook. But a delayed taper tantrum appeared to show up for bonds on Thursday, as yields shot...
New Home Sales for August; Kansas City Southern special meeting of shareholders to vote on acquisition by Canadian National Railway. Stock futures wavered and bond yields ticked up to multi-month highs, as uncertainty lingered about the future of heavily indebted property giant China Evergrande Group. "There has been a growing feeling that there is a pullback waiting," said Seema Shah, chief strategist at Principal Global Investors.
Catalent Inc (CTLT): * CATALENT ANNOUNCES UPSIZING AND PRICING OF PRIVATE OFFERING OF SENIOR UNSECURED NOTES DUE 2030. * Catalent Inc (CTLT) - CATALENT PHARMA SOLUTIONS PRICED PRIVATE OFFERING OF $650 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 3.500% SENIOR UNSECURED NOTES DUE 2030 Source text for Eikon: Further company coverage:
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,...
Viavi Solutions Inc (VIAV): * VIAVI ANNOUNCES PRICING OF $400 MILLION IN SENIOR UNSECURED NOTES DUE 2029. * Viavi Solutions Inc (VIAV) - PRICING OF $400 MILLION 3.750% SENIOR UNSECURED NOTES DUE 2029. * Viavi Solutions Inc (VIAV) - NOTES WILL MATURE ON OCTOBER 1, 2029 Source text for Eikon: Further company coverage:
iMedia Brands, Inc. (IMBI) today announced the pricing of an underwritten public offering of $75.0 million in aggregate principal amount of 8.50% senior notes due 2026.
American Tower Corp: * AMERICAN TOWER CORPORATION PRICES SENIOR NOTES OFFERING. * AMERICAN TOWER CORP - PRICING SENIOR UNSECURED NOTES DUE 2026, 2031 AND 2051 OF $600.0 MILLION, $700.0 MILLION AND $500.0 MILLION, RESPECTIVELY. * AMERICAN TOWER CORP - 2026 NOTES WILL HAVE AN INTEREST RATE OF 1.450% PER ANNUM. * AMERICAN TOWER CORP - 2031 NOTES WILL HAVE AN INTEREST RATE OF 2.300% PER ANNUM.
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.
Kilroy Realty Corporation (KRC) today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $450.0 million aggregate principal amount of 2.650% senior notes due 2033.
Saracen Development, LLC, a wholly-owned company of the Quapaw Nation, announced upgrades in its credit rating today by two of the world?s three largest credit rating agencies. ?We are thrilled two such respected credit rating agencies like Moody?s and S&P saw the need to upgrade our rating on the same day.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Seguradora Internacional de Mo?ambique, S.A.. The outlook of these Credit Ratings is stable. The ratings reflect SIM?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
ST. LOUIS, Sept. 23, 2021 ?ERAC USA Finance LLC, the wholly-owned U.S. finance subsidiary of Enterprise Holdings, Inc., announced today that it will redeem the entire outstanding principal amount of its 2.60% Notes due December 1, 2021 prior to the maturity of the Notes.
Viavi Solutions Inc (VIAV): * VIAVI ANNOUNCES OFFERING OF $400 MILLION IN SENIOR UNSECURED NOTES DUE 2029 Source text for Eikon: Further company coverage:
Net Proceeds will be Allocated Toward a Portfolio of Eligible Green Investments in Support of Walmart?s Sustainability Goals Walmart Inc. (WMT) today announced that it has closed its previously announced $2 billion inaugural green bond offering.
Cyxtera (CYXT), a global leader in data center colocation and interconnection services, today announced that Moody?s Investors Service upgraded the credit rating of Cyxtera DC Holdings, Inc. to B3 and changed its outlook to stable.
Catalent Inc (CTLT): * CATALENT ANNOUNCES LAUNCH OF PRIVATE OFFERING OF $450 MILLION OF SENIOR UNSECURED NOTES DUE 2030. * Catalent Inc (CTLT) - OPERATING UNIT INTENDS TO USE PROCEEDS FROM OFFERING TO FINANCE PORTION OF PURCHASE PRICE FOR ACQUISITION OF BETTERA HOLDINGS LLC Source text for Eikon: Further company coverage:
As uncertainty looms over cash-strapped China Evergrande Group (EGRNF), seizing up China's junk bond market, pressure is building on its peers to access fresh funding to repay notes worth nearly $300 billion due over the next two years.
French fashion company SMCP, whose brands include Sandro and Maje, said on Thursday that a unit of its majority shareholder failed to meet a debt obligation, which could open the door to a change in ownership of the retailer. SMCP shares closed up 8.6% on speculation of it changing hands.
SMCP SAS said Thursday that it has been notified of a credit default by its controlling shareholder, but stressed that the situation doesn't put the company at risk. The French fashion group said bond trustee GLAS had notified it of a failure by European TopSoho, a subsidiary of struggling Chinese apparel conglomerate Shandong Ruyi Technology Group, to redeem bonds worth 250 million euros by their maturity date on Tuesday. The Luxembourg-based holding company has until Sept. 30...
* S&P- FIJI RATINGS LOWERED TO 'B+' ON PROLONGED PANDEMIC-RELATED ECONOMIC STRAIN; OUTLOOK STABLE. * S&P SAYS TRAVEL RESTRICTIONS ASSOCIATED WITH COVID PROVING MORE PROTRACTED THAN PREVIOUSLY EXPECTED, WEIGH HEAVILY ON FIJI'S TOURISM-DEPENDENT ECONOMY.
* S&P SAYS XINYUAN REAL ESTATE DOWNGRADED TO 'CCC' ON FURTHER DELAY OF FINANCIAL STATEMENT RELEASE; OUTLOOK NEGATIVE Source text for Eikon: Further company coverage:
Fitch: * FITCH - DOWNGRADES SINIC'S IDR TO 'CCC'; LOWER LIKELIHOOD OF BOND REFINANCING. * FITCH DOWNGRADES SINIC'S IDR TO 'CCC'; LOWER LIKELIHOOD OF BOND REFINANCING. * FITCH - SINIC 'S DOWNGRADE REFLECTS DIMINISHING LIKELIHOOD OF SINIC REFINANCING ITS IMMEDIATE MATURITY, A USD246 MILLION BOND DUE ON 18 OCTOBER 2021.
Fitch Ratings said on Sept. 16 that it had cut its 2021 economic growth forecast for China to 8.1% from 8.4%, citing the impact of the slowdown in the country's property sector on domestic demand.
DALLAS, Sept. 22, 2021 ?Match Group? announced today that its indirect wholly owned subsidiary, Match Group Holdings II, LLC?has agreed to sell $500.0 million aggregate principal amount of 3.625% senior notes due 2031 in a private offering.
Inotiv, Inc. (NOTV), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, today announced the pricing of its offering of $125,000,000 aggregate principal amount of 3.25% convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
CoreCivic, Inc. (CXW) announced today that it successfully upsized and priced its offering of an additional $225,000,000 aggregate principal amount of CoreCivic?s 8.25% senior unsecured notes due 2026.
Wabash National Corp (WNC): * WABASH NATIONAL ANNOUNCES PRICING OF NOTES OFFERING. * Wabash National Corp (WNC) - PRICING OF PREVIOUSLY ANNOUNCED PRIVATE OFFERING OF $400 MILLION OF SENIOR UNSECURED NOTES DUE 2028. * Wabash National Corp (WNC) - NOTES WILL BEAR INTEREST AT A RATE OF 4.50% AND ARE BEING ISSUED AT PAR Source text for Eikon: Further company coverage:
Wabash National Corporation (WNC) today announced the pricing of its previously announced private offering of $400 million aggregate principal amount of senior unsecured notes due 2028. The Notes will bear interest at a rate of 4.50% and are being issued at par. The Notes will be guaranteed on a senior unsecured basis by certain of Wabash National?s domestic subsidiaries.
Medical Properties Trust, Inc. (MPW) announced today the pricing of its previously announced public offering of euro-denominated notes, to be issued by its operating partnership, MPT Operating Partnership, L.P., and MPT Finance Corporation, a wholly-owned subsidiary of the Operating Partnership.
World Acceptance Corporation (WRLD) today announced that it priced its $300.0 million aggregate principal amount of senior notes due 2026 in its previously announced private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of SCOR SE and its main operating subsidiaries. The ratings reflect SCOR?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Corecivic Inc (CXW): * CORECIVIC INC FILES PROSPECTUS SUPPLEMENT RELATED TO OFFERING $100 MILLION 8.25% SENIOR UNSECURED NOTES DUE 2026 - SEC FILING Source text for Eikon: [https://bit.ly/3kuFCHG] Further company coverage:
via InvestorWire -- Green Hygienics Holdings Inc. (GRYN) is pleased to announce the offering of a green bond exclusively in Europe in the principal amount of US$100 million. Green Hygienics has engaged the firm of Dechert LLP. The Company intends to list the green bond on the Luxembourg Stock Exchange, a pioneer in green finance.
CoreCivic, Inc. (CXW) announced today that it intends to offer an additional $100,000,000 aggregate principal amount of its 8.25% senior unsecured notes due 2026, subject to market and other customary conditions. Imperial Capital is acting as left lead underwriter, StoneX Financial Inc. is acting as joint lead arranger, and Wedbush Securities Inc. is acting as co-manager for the offering.
DALLAS, Sept. 22, 2021 ?Match Group (MTCH) announced today that its indirect wholly owned subsidiary, Match Group Holdings II, LLC, intends to commence an offering of $500.0 million aggregate principal amount of senior notes due 2031 in a private offering.
iMedia Brands, Inc. (IMBI) today announced that it intends to offer and sell $75.0 million aggregate principal amount of senior notes due 2026 in an underwritten public offering. iMedia Brands (IMBI) intends to use the net proceeds from the offering to fund the closing cash purchase price and transaction costs related to its pending acquisition of 1-2-3.tv Group, and any remaining proceeds for working capita...
* FITCH RATINGS: UK AND US RELAXED TRAVEL RESTRICTIONS CUT EMEA AIRLINES' RISKS. * FITCH- RELAXATION OF PANDEMIC-RELATED TRAVEL MEASURES IN ENGLAND WILL BOOST EMEA TRAFFIC RECOVERY Source text for Eikon:
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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