WASHINGTON, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Global investment firm Carlyle (NASDAQ: CG) priced its offering of $800 million aggregate principal amount of 5.050% senior notes due 2035. The notes will be fully and unconditionally guaranteed by Carlyle’s indirect subsidiaries Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., Carlyle Holdings III L.P., and CG Subsidiary Holdings L.L.C. The offering is expected to close on September 19, 2025, subject to customary closing conditions. Carlyle intends to use ...

WASHINGTON, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Global investment firm Carlyle (NASDAQ: CG) today announced its intention to offer, subject to market and other conditions, senior notes. The notes will be fully and unconditionally guaranteed by Carlyle’s indirect subsidiaries Carlyle Holdings I L.P., Carlyle Holdings II L.L.C., Carlyle Holdings III L.P., and CG Subsidiary Holdings L.L.C. Carlyle intends to use the net proceeds from the sale of the notes for general corporate purposes. Citigroup Global Markets ...

Group 1 - Smithfield Foods, Inc. announced a secondary public offering of 19,531,698 shares at a price of $23.25 per share, with an additional option for underwriters to purchase up to 2,929,754 shares [1] - The offering is expected to close on September 8, 2025, subject to customary closing conditions [1] - The company will not receive any proceeds from the sale of shares as it is solely conducted by the principal shareholder, SFDS UK Holdings Limited [1] Group 2 - Morgan Stanley, BofA Securities, and Barclays are acting as joint lead book-running managers for the offering, with Goldman Sachs, Citigroup, and BNP Paribas as joint book-running managers [2] - A registration statement for the offering has been filed and declared effective by the U.S. Securities and Exchange Commission [3] Group 3 - Smithfield Foods is recognized as an industry leader in value-added packaged meats and fresh pork, with a diverse brand portfolio and strong relationships with U.S. farmers and customers [6]

Core Viewpoint - Solventum Corporation announced a secondary offering of 8,800,000 shares of its common stock, expected to generate approximately $648 million in gross proceeds for 3M Company, the selling shareholder, with the offering closing around August 15, 2025 [1]. Group 1: Offering Details - The offering consists of shares sold entirely by the selling shareholder, 3M Company, and Solventum will not receive any proceeds from this offering [1]. - Goldman Sachs & Co. LLC and BofA Securities are acting as underwriters for the offering [2]. - The shares are being offered under the Company's shelf registration statement on Form S-3, which became effective upon filing with the SEC on August 13, 2025 [3]. Group 2: Regulatory Information - The offering is made only by means of a preliminary prospectus supplement filed with the SEC, and interested parties can access these documents for more information [3]. - The press release clarifies that it does not constitute an offer to sell or solicit an offer to buy the securities in any jurisdiction where such actions would be unlawful [4]. Group 3: Company Overview - Solventum aims to enhance healthcare through innovative solutions at the intersection of health, material, and data science, focusing on improving patient outcomes and empowering healthcare professionals [7].

Core Viewpoint - Solventum Corporation announced a secondary offering of 8,800,000 shares of its common stock, all being sold by 3M Company, with Solventum not receiving any proceeds from the offering [1]. Group 1: Offering Details - The offering consists of 8,800,000 shares of common stock with a par value of $0.01 per share [1]. - Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as underwriters for the offering [2]. - The shares are being offered under the Company's shelf registration statement on Form S-3, effective as of August 13, 2025 [3]. Group 2: Regulatory Information - The offering will be conducted only through a preliminary prospectus supplement filed with the SEC and the accompanying prospectus [3]. - Interested parties can obtain the preliminary prospectus supplement and accompanying prospectus for free via the SEC's EDGAR database or by contacting the underwriters directly [3]. Group 3: Company Background - Solventum aims to enable better healthcare through innovative solutions at the intersection of health, material, and data science [7].

Core Viewpoint - Verisk Analytics, Inc. is offering $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036 to finance the acquisition of AccuLynx for approximately $2.35 billion [1][2]. Group 1: Offering Details - The offering consists of two sets of Senior Notes: $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036 [1]. - The closing of the offering is expected on August 21, 2025, pending customary closing conditions [1]. - Goldman Sachs & Co. LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering, along with borrowings from a senior unsecured three-year delayed draw term loan facility and cash on hand, will be used to finance the acquisition of AccuLynx [2]. - The total purchase price for the acquisition is approximately $2.35 billion [2]. Group 3: Company Overview - Verisk is a leading global data analytics and technology provider, primarily serving the insurance industry [6]. - The company focuses on enhancing operational efficiency, improving underwriting and claims outcomes, and addressing global risks such as climate change and sustainability [6]. - Verisk operates in over 20 countries and is recognized for fostering an inclusive workplace culture [6].

Core Viewpoint - MPLX LP has successfully priced $4.5 billion in unsecured senior notes to fund acquisitions and general partnership purposes [1][2]. Group 1: Offering Details - The offering consists of four tranches: $1.25 billion of 4.800% senior notes due 2031, $750 million of 5.000% senior notes due 2033, $1.5 billion of 5.400% senior notes due 2035, and $1.0 billion of 6.200% senior notes due 2055 [1]. - The closing of the offering is expected on August 11, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - A portion of the net proceeds will fund the acquisition of Northwind Delaware Holdings LLC and cover related fees and expenses [2]. - The remaining proceeds will be used for general partnership purposes, including capital expenditures and working capital [2]. Group 3: Company Overview - MPLX is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, including pipelines, terminals, and storage facilities [6].

Core Viewpoint - Ball Corporation has initiated a public offering of $750 million in Senior Notes due 2033, with the final terms dependent on market conditions [1] Group 1: Offering Details - The offering consists of $750 million aggregate principal amount of Senior Notes due 2033 [1] - The exact amount, terms, and timing of the offering will be influenced by market conditions and other factors [1] Group 2: Use of Proceeds - Ball plans to use the net proceeds for general corporate purposes, which may include refinancing or repaying debt [2] - A portion of the net proceeds will be used to repay outstanding borrowings under its U.S. dollar and multi-currency revolving credit facilities [2] Group 3: Management and Coordination - BofA Securities, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC are acting as global coordinators and joint book-running managers for the offering [3] Group 4: Company Overview - Ball Corporation provides innovative and sustainable aluminum packaging solutions for various sectors, employing 16,000 people globally [6] - The company reported net sales of $11.80 billion for 2024, excluding its divested aerospace business [6]

Core Insights - The Andersons, Inc. reported its financial results for the second quarter ended June 30, 2025, and announced the acquisition of full ownership interest in The Andersons Marathon Holdings LLC (TAMH) [1][2][4]. Strategic Acquisition - The acquisition of TAMH, which operates four ethanol plants with a total annual production capacity of 500 million gallons, aligns with the company's strategy to grow earnings through investments in ethanol [2][4]. - This transaction doubles the company's financial ownership in the ethanol industry, a key growth area within its Renewables strategy, and is expected to provide immediate accretion in earnings per share [2][4][5]. Financial Performance - For Q2 2025, the company reported a pretax income of $24.8 million, down from $57.3 million in Q2 2024, with net income attributable to the company of $7.9 million compared to $36 million in the prior year [7][8]. - Adjusted EBITDA for Q2 2025 was $65 million, a decrease from $98.3 million in Q2 2024 [9][39]. - The company’s cash provided by operating activities was $299 million in Q2 2025, slightly down from $304 million in Q2 2024 [6]. Segment Overview - The Agribusiness segment recorded a pretax income of $19 million, down from $29 million in Q2 2024, while the Renewables segment reported a pretax income of $17 million, down from $39 million in the same period [10][13]. - The Renewables segment's adjusted EBITDA was $30 million in Q2 2025, compared to $52 million in Q2 2024 [17][39]. Cash and Debt Management - The company funded the acquisition of TAMH with cash on hand and existing credit facilities, maintaining a modest level of debt and remaining below its long-term debt to EBITDA target of less than 2.5 times [6][18]. - Cash and cash equivalents at the end of Q2 2025 were $350.97 million, down from $561.77 million at the end of 2024 [26][28]. Future Outlook - The company anticipates a large fall harvest and expects to benefit from increased support for renewable fuels, which may enhance its operational efficiency and profitability [3][12][16].

Core Insights - LPL Financial Holdings Inc. has successfully completed the acquisition of Commonwealth Financial Network, which supports approximately 3,000 advisors managing $305 billion in assets [1][4]. Company Overview - LPL Financial is among the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions, with around $1.9 trillion in brokerage and advisory assets [6]. - Commonwealth Financial Network has been recognized for its premium service, ranking 1 in Independent Advisor Satisfaction Among Financial Investment Firms by J.D. Power for 12 consecutive years [2][5]. Management and Integration - Rich Steinmeier, CEO of LPL Financial, emphasized the commitment to creating a best-in-class firm for financial advisors through customized experiences and a broad range of wealth management solutions [2]. - Wayne Bloom, CEO of Commonwealth, will join LPL's management committee while continuing to lead Commonwealth, ensuring the preservation of its award-winning advisor experience [2][3]. Future Plans - The onboarding of Commonwealth advisors to LPL's platform is expected to be completed in the fourth quarter of 2026, with LPL aiming for a 90% retention target [3].