Key Points The steel maker is tapping investors for more capital. It's floating its latest issue of senior notes. 10 stocks we like better than Cleveland-Cliffs › Market players are eager to lend Cleveland-Cliffs (NYSE: CLF) money, so much so that a planned debt issue was quickly and substantially upsized. That impressed the market enough to send the company's equity skyward, and in late-session action the large steel maker's stock was up by 9% in price. That performance was notably hotter than tha ...

Key TakeawaysU.S. stock market valuation has reached its highest point in history, with metrics like market-cap-to-GDP surpassing dot-com bubble and pre-Great Depression levels, signaling potential overheating and raising concerns among analysts.Tech companies have raised a substantial $157 billion through debt deals this year, marking a 70% increase from last year and positioning 2025 for the second-largest fundraising year ever, primarily to fuel ambitious AI initiatives.The U.S. Department of Homeland Se ...

Bitcoin miner TeraWulf seeks $3 billion in debt to finance new data center capacity https://t.co/Kat57IIfIE ...

Key Points The company aims to raise almost $5 billion through the issuance of several types of debt. It will use a portion of the proceeds to pay for a recent acquisition. 10 stocks we like better than NRG Energy › The shares of NRG Energy (NYSE: NRG) were notable for their lack of juice on Thursday. The stock's price fell by 1.6%, as investors digested news of a fresh capital-raising effort that will add billions of dollars in debt to its balance sheet. The stock's decline was more precipitous th ...

Core Viewpoint - Melco Resorts Finance Limited is proposing an international offering of senior notes to fund a conditional cash tender offer for its existing senior notes and for general corporate purposes [1][9]. Group 1: New Notes Offering - The New Notes will be senior obligations of Melco Resorts Finance, ranking equally with existing and future senior indebtedness, with Melco not acting as a guarantor [2]. - The interest rate and terms of the New Notes will be determined at the time of pricing, and the offering is subject to market conditions and investor interest [3]. - The proceeds from the New Notes Offering are expected to fund the Conditional Tender Offer, cover related fees, and potentially redeem any remaining Existing Notes [9][10]. Group 2: Conditional Tender Offer - Melco Resorts Finance has initiated a conditional cash tender offer for its outstanding 5.250% senior notes due 2026, contingent upon the successful completion of the New Notes Offering [4]. - The Conditional Tender Offer will expire on September 19, 2025, unless extended or terminated, with settlement expected on September 24, 2025 [4][5]. - The consideration for each US$1,000 principal amount of Existing Notes will be US$1,000, with minimum denominations of US$200,000 [5]. Group 3: Redemption and Management - Melco Resorts Finance intends to redeem any Existing Notes not purchased in the Conditional Tender Offer, but is not obligated to do so [6]. - The Conditional Tender Offer is being conducted according to the terms set out in the Offer to Purchase, which will be distributed to holders by Kroll Issuer Services Limited [7]. - Deutsche Bank AG and Morgan Stanley & Co. LLC are acting as dealer managers for the Conditional Tender Offer [8].

SAN MATEO, Calif., Aug. 4, 2025 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced it entered into a second lien credit agreement (the "Second Lien Credit Agreement") providing for a secured term loan in an aggregate principal amount of $50 million from Farallon Capital Management, L.L.C., and certain of its affiliates ("Farallon"). The company closed the debt financing as part of a strategic initiative to bolster its balance sheet and placed approximately $94 million in escrow to repay the convertible de ...

Core Viewpoint - Carnival Corporation & plc has announced a private offering of €1.0 billion in senior unsecured notes to repay existing borrowings and manage its capital structure [1][2]. Group 1: Notes Offering Details - The offering consists of €1.0 billion aggregate principal amount of 4.125% senior unsecured notes due in 2031 [1]. - Proceeds will be used to fully repay borrowings under the 2027 Term Loan Facility and partially repay borrowings under the 2028 Term Loan Facility [1]. - The Notes will pay interest annually at a rate of 4.125%, starting on July 15, 2026, and will mature on July 15, 2031 [3]. Group 2: Offering Structure and Conditions - The Notes will be governed by investment grade-style covenants and will be fully guaranteed on an unsecured basis by Carnival Corporation and certain subsidiaries [3][2]. - The offering is targeted at qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S [4]. - The Notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption [5]. Group 3: Company Overview - Carnival Corporation & plc is the largest global cruise company and a major player in the leisure travel industry, operating a portfolio of well-known cruise lines [7].

Core Viewpoint - Teva Pharmaceutical Industries Ltd. has successfully upsized its offering of senior notes to approximately $2.3 billion, increasing from a previously announced $2 billion, with proceeds intended for tender offers and debt repayment [1][3]. Group 1: Offering Details - The offering consists of €1 billion of 4.125% EUR-denominated Senior Notes maturing in 2031, $500 million of 6.000% USD-denominated Senior Notes maturing in 2032, and $700 million of 5.750% USD-denominated Senior Notes maturing in 2030 [2]. - The settlement of the notes is expected to occur on or about May 28, 2025, subject to customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund tender offers for various senior notes, pay associated fees and expenses, and repay outstanding debt upon maturity or earlier redemption [1]. Group 3: Company Background - Teva Pharmaceutical Industries Ltd. is a global biopharmaceutical leader with over 120 years of commitment to health, employing 37,000 people across 57 markets to develop medicines and produce generics and biologics [6][7].

Financial Data and Key Metrics Changes - The company reported a significant reduction in overhead costs, with a decrease in employee count from 96 to 25, leading to a more streamlined operation [20][21] - Shareholders' equity increased from approximately $7 million to over $15 million following the sale of a manufacturing facility, effectively doubling net assets [18][33] - The company anticipates substantial liquidity events in the second half of the year, potentially bringing in $50 million to $70 million [24][100] Business Line Data and Key Metrics Changes - Prophase Labs is focusing on three main business lines: B Smart esophageal cancer test, Nebula Genomics, and dietary supplements [7][12] - The B Smart esophageal cancer test is projected to have a market potential of $7 billion to $14 billion, with reimbursement expected to be between $1,000 to $2,000 per test [44][37] - DNA Complete is generating approximately $5 million in annual revenues, with potential to reach $10 million with increased marketing efforts [93] Market Data and Key Metrics Changes - The company is exploring strategic alternatives for Nebula Genomics, which has a significant genomic database of 16 petabytes, positioning it as a valuable asset in the market [56][58] - The esophageal cancer test is expected to be commercialized later this year, targeting a market of approximately 7 million endoscopies annually in the U.S. [38][80] Company Strategy and Development Direction - The company is focused on restructuring and cleaning up its balance sheet, with plans to avoid diversifying into new businesses and instead concentrate on existing operations [104] - Management is prioritizing debt financing over equity issuance to minimize shareholder dilution, aiming for a strong cash position once liquidity events occur [23][100] - The company is not pursuing vaccine development but is concentrating on its existing product lines and potential acquisitions [87][89] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming liquidity events and the potential for significant cash inflow, which is expected to improve the company's financial standing [100][102] - The CEO emphasized the importance of maintaining a lean operation and avoiding excessive spending on sales force development, opting for partnerships with existing sales networks instead [84][82] - Management is optimistic about the company's future, citing a strong alignment with shareholder interests and a commitment to improving operational efficiency [29][21] Other Important Information - The company is currently under NASDAQ compliance scrutiny but is confident in receiving a six-month extension based on meeting all other qualifications [30][91] - The CEO has deferred a significant portion of his salary until liquidity events occur, demonstrating commitment to the company's recovery [26] Q&A Session Summary Question: What is the realistic timeline for B Smart commercialization? - The CEO anticipates the first patient testing on a commercial basis later this year, but full commercialization will be a multi-year process [80] Question: What vaccines or illnesses are being worked on? - The company is not working on any vaccines and is focusing on the Acrovir product and dietary supplements [87] Question: What steps are being taken to meet NASDAQ compliance? - The CEO confirmed that an extension has been filed and expressed confidence in receiving it due to meeting all other criteria [90] Question: Has the DNA Complete division started generating revenues? - Yes, DNA Complete is generating around $5 million annually, with potential for growth through increased marketing [93] Question: Are we still looking at June/July for COVID testing payments? - The CEO indicated that payments could start coming in as early as June, depending on the progress with Crown Medical [96]

Core Viewpoint - Okeanis Eco Tankers Corp. has declared options to repurchase three VLCC vessels, enhancing its capital structure and resilience against industry risks [1][4]. Financing Details - The company has secured a $130 million senior secured credit facility with a Greek bank to finance the repurchase of Nissos Nikouria and Nissos Anafi, expected to close in June and August 2025 respectively [2][3]. - The credit facility features an interest rate of Term SOFR plus 140 basis points, matures in seven years, and includes quarterly installments of $1.9 million and balloon payments of $76.8 million for both vessels [2]. Future Financing Plans - The company is actively seeking debt financing for the Nissos Kea, with expectations to announce details in Q2 2025, aiming for similar financial terms as the other two vessels [3][5]. Strategic Positioning - The financing will provide competitive terms, with debt maturing in 2032, aimed at improving future daily debt service breakeven costs [6]. - The company emphasizes its modern fleet built in quality shipyards in South Korea and Japan, positioning itself as a preferred platform in the crude tankers market [6].