News Results

  1. Azerion announces proposed changes to its Supervisory Board
    GlobeNewswire | 01:30 AM EDT

    Amsterdam, 27 September 2023 ? Since the start of 2022, Azerion has seen a period of significant transformation and growth including its listing on Euronext Amsterdam, the completed sale of the Youda card games portfolio and the recently announced placement of EUR 165 million of senior secured floating rate bonds.

  2. BRIEF-SWK Holdings Corporation Announces Public Offering Of Senior Unsecured Notes Due 2028
    Reuters | 09/26/23 06:23 PM EDT

    SWK Holdings Corp (SWKH): * SWK HOLDINGS CORPORATION ANNOUNCES PUBLIC OFFERING OF SENIOR UNSECURED NOTES DUE 2028. * SWK Holdings Corp (SWKH) - PLANS TO OFFER $30 MILLION OF SENIOR UNSECURED NOTES DUE 2028 IN A REGISTERED UNDERWRITTEN PUBLIC OFFERING Source text for Eikon: Further company coverage:

  3. BRIEF-Sitio Royalties Prices Upsized $600 Million Offering Of Senior Notes
    Reuters | 09/26/23 06:17 PM EDT

    Sitio Royalties Corp (STR): * SITIO ROYALTIES PRICES UPSIZED $600 MILLION OFFERING OF SENIOR NOTES. * Sitio Royalties Corp (STR) - SIZE OF OFFERING WAS INCREASED FROM $500 MILLION. * Sitio Royalties Corp (STR) - PRICING OF $600 MILLION SENIOR UNSECURED NOTES DUE 2028 BY ITS SUBSIDIARIES.

  4. Sitio Royalties Prices Upsized $600 Million Offering of Senior Notes
    Business Wire | 09/26/23 06:02 PM EDT

    Sitio Royalties Corp. (STR) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 by its subsidiaries, Sitio Royalties Operating Partnership, LP, and Sitio Finance Corp.. The size of the offering was increased from $500 million. The offering is expected to close on October 3, 2023, subject to customary closing conditions.

  5. SWK Holdings Corporation Announces Public Offering of Senior Unsecured Notes Due 2028
    PR Newswire | 09/26/23 04:07 PM EDT

    DALLAS, Sept. 26, 2023 SWK Holdings Corporation (SWKH) today announced that it plans to offer?$30 million?in aggregate principal amount of senior unsecured notes due 2028 in a registered underwritten public offering. In connection with the Offering, SWK has applied to list the Notes on the Nasdaq Global Market under the symbol "SWKHL".

  6. AM Best Revises Outlooks to Positive for Jet Insurance Company
    Business Wire | 09/26/23 11:06 AM EDT

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Jet Insurance Company. The Credit Ratings reflect Jet?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  7. AM Best Assigns Issue Credit Rating to Intact Financial Corporation?s Senior Unsecured Medium-Term Notes
    Business Wire | 09/26/23 10:00 AM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 5.276% senior unsecured medium-term notes, due 2054, issued by Intact Financial Corporation.

  8. BRIEF-Sitio Royalties Announces $500 Million Offering Of Senior Notes
    Reuters | 09/26/23 07:58 AM EDT

    Sitio Royalties Corp (STR): * SITIO ROYALTIES ANNOUNCES $500 MILLION OFFERING OF SENIOR NOTES. * Sitio Royalties Corp (STR) - INTEND TO OFFER AND SELL $500 MILLION OF SENIOR UNSECURED NOTES DUE 2028 Source text for Eikon: Further company coverage:

  9. Borrowing pressures to push European default rates to 3.75%-5.5% - S&P Global
    Reuters | 09/26/23 07:30 AM EDT

    Higher interest rates and a near stalling of Europe's economy will put pressure on the credit ratings of the region's companies, property firms and banks and drive up default rates, S&P Global said on Tuesday. "The trend in credit quality is turning negative for corporates, especially for speculative-grade issuers, as financing conditions tighten," the rating firm said in a new report.

  10. France's Casino CDS auction values bonds at 1 cent
    Reuters | 09/25/23 10:32 AM EDT

    Investors who bought default insurance on France's Casino Guichard Perrachon SA bonds are getting a nearly full payout after a committee that reviews disputes in the credit default swaps market said a credit event had occurred.

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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