Core Viewpoint - goeasy Ltd. successfully closed an upsized offering of senior unsecured notes, reflecting strong market demand and confidence in its business [1][3] Group 1: Offering Details - The company closed an offering of US$450 million in senior unsecured notes due 2031, increased from an initial US$400 million [1] - Additionally, goeasy issued C$175 million in 6.000% senior unsecured notes due 2030, up from C$100 million at the initial offering [1] - The New CAD Notes were issued at a price of C$997.50 per C$1,000 principal amount, plus accrued interest from May 15, 2025 [1] Group 2: Financial Strategy - goeasy entered into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing on the USD Notes to 6.106% per annum, down from a coupon of 6.875% [2] - The net proceeds from the sale of the notes will be used to partially repay indebtedness under secured facilities and for general corporate purposes [2] Group 3: Company Overview - goeasy Ltd. is a leading consumer lender in Canada, providing financial services to individuals with near to non-prime credit scores [1] - The company operates through its easyhome, easyfinancial, and LendCare brands, offering a variety of financial products including unsecured and secured installment loans [3] - goeasy has a total funding capacity of C$2.3 billion to support its growth plans [3] Group 4: Awards and Recognition - goeasy has received several awards for its corporate culture and growth, including recognition from TIME Magazine and Waterstone Canada [4] - The company has raised and donated over C$6.5 million to support local charities and partnerships [4]

Group 1 - The article highlights the importance of closed-end funds and the potential for directional and arbitrage opportunities due to market price deviations [1] - It emphasizes the significance of timing in trades related to closed-end funds, suggesting that early access and discussions can be beneficial for investors [1] - The article introduces new baby bonds that are currently trading on the open market, indicating a focus on emerging investment opportunities [1]

Core Points - Armada Hoffler has successfully closed its inaugural private placement of $115 million in senior unsecured notes, issued in three tranches with maturities of 3, 5, and 7 years, at a blended interest rate of 5.86% and a weighted average maturity of 5.3 years [1][2] - The proceeds from the offering will be utilized for general corporate purposes and to refinance existing debt, enhancing the company's balance sheet flexibility and supporting its long-term strategy [2] - Morningstar DBRS reaffirmed Armada Hoffler's BBB credit rating in January 2025, revising its outlook to stable due to the company's improved leverage profile and diversified real estate portfolio [2] Company Overview - Armada Hoffler is a vertically integrated, self-managed real estate investment trust (REIT) with over 40 years of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties, primarily in the Mid-Atlantic and Southeastern United States [4] - The company also provides general construction and development services to third-party clients, in addition to developing properties for its stabilized portfolio [4]

Core Viewpoint - Carnival Corporation has successfully closed a private offering of $3.0 billion in senior unsecured notes, which will be used to repay existing borrowings and redeem a portion of its unsecured notes due in 2027 [1][2][3]. Group 1: Financial Strategy - The proceeds from the notes offering will fully repay borrowings under the senior secured term loan facility maturing in 2028 and will also be used to redeem $2.4 billion of 5.750% senior unsecured notes due 2027 [2][3]. - The company has refinanced nearly $11 billion of debt and prepaid $1.1 billion of debt in the current year, significantly reducing its secured debt by nearly 70% since Q4 2021 [3]. Group 2: Notes Offering Details - The notes will pay interest semi-annually at a rate of 5.75% per year, starting February 1, 2026, and will mature on August 1, 2032 [4]. - The notes are unsecured and will be guaranteed on a senior unsecured basis by Carnival plc and certain subsidiaries [4]. Group 3: Redemption Information - A conditional notice of redemption for the $2.4 billion of 2027 Unsecured Notes has been issued, with the redemption scheduled for July 17, 2025 [3].

Group 1 - Carnival Corporation & plc announced a private offering of new senior unsecured notes totaling €1.0 billion, maturing in 2031, aimed at repaying borrowings under existing senior secured term loan facilities maturing in 2027 and 2028 [1] - The indenture governing the notes is expected to include investment grade-style covenants [1] - The offering is targeted at qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act [2] Group 2 - The notes will not be registered under the Securities Act or any state securities laws, and cannot be offered or sold in the U.S. without registration or an exemption [3] - The press release does not constitute an offer to sell or solicit offers to purchase the notes or any other securities [4] - Carnival Corporation & plc is recognized as the largest global cruise company and a major player in the leisure travel industry, operating several well-known cruise lines [5]

Core Viewpoint - Stantec Inc. has successfully closed a private placement offering of $425 million in senior unsecured notes, which will be used to repay existing debt and for general corporate purposes [2][3]. Group 1: Financial Details - The offering consists of senior unsecured notes due June 10, 2032, with an interest rate of 4.374% per annum, priced at par [2]. - The notes have been assigned a BBB rating with a stable trend by DBRS Limited [3]. Group 2: Regulatory Information - The notes were not qualified for public sale under Canadian securities laws and were offered on an exempt basis [4]. - The notes will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States [4]. Group 3: Company Overview - Stantec is a global leader in sustainable engineering, architecture, and environmental consulting, addressing significant global challenges [5]. - The company focuses on managing aging infrastructure, demographic changes, and the energy transition [5][6]. - Stantec emphasizes collaboration with diverse stakeholders to tackle critical issues such as climate change and digital transformation [6].

Group 1 - Uniti Group Inc. announced the pricing of $600 million aggregate principal amount of 8.625% Senior Unsecured Notes due 2032, with an issue price of 100.000% [1] - The net proceeds from the offering will be used to fund the partial redemption of $500 million aggregate principal amount of outstanding 10.50% senior notes due 2028, with the redemption expected to occur on June 24, 2025 [2] - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers [3] Group 2 - Uniti is an internally managed real estate investment trust engaged in the acquisition and construction of mission-critical communications infrastructure, owning approximately 147,000 fiber route miles and 8.8 million fiber strand miles as of March 31, 2025 [5]

Core Viewpoint - Carnival Corporation & plc is executing a private offering of $1.0 billion in senior unsecured notes at a 5.875% interest rate, aimed at redeeming $993 million of its existing higher-interest unsecured notes due in 2026, thereby reducing interest expenses and managing future debt maturities [1][2]. Group 1: Notes Offering Details - The Notes Offering will close on May 21, 2025, with the redemption of the 2026 Unsecured Notes expected to occur on May 22, 2025, contingent upon the closing of the Notes Offering [3]. - The new notes will pay interest semi-annually starting December 15, 2025, and will mature on June 15, 2031 [4]. Group 2: Financial Impact - The transaction is projected to reduce net annual interest expenses by over $20 million until the maturity date of the 2026 Unsecured Notes, following a previous partial redemption of $350 million earlier in the year [2]. - The new notes will be governed by investment grade-style covenants, enhancing the financial stability of the company [2]. Group 3: Company Overview - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a diverse portfolio of cruise lines [8].

Core Viewpoint - Regency Centers Corporation announced a $400 million public offering of senior unsecured notes due 2032, with a coupon rate of 5.00% and maturing on July 15, 2032 [1][2]. Group 1: Offering Details - The notes were issued at 99.279% of par value, with interest payable semiannually on January 15 and July 15, starting January 15, 2026 [1]. - The net proceeds from the offering will be used to reduce the outstanding balance on its line of credit, repay $250 million of 3.90% notes due November 1, 2025, and for general corporate purposes [2]. Group 2: Underwriters - The offering is managed by Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, TD Securities, PNC Capital Markets, Regions Securities, and U.S. Bancorp Investments as joint book-running managers [3]. Group 3: Company Overview - Regency Centers is a leading national owner, operator, and developer of shopping centers, focusing on suburban trade areas with strong demographics [7]. - The company operates as a fully integrated real estate investment trust (REIT) and is a member of the S&P 500 Index [7].