Banks led by JPMorgan Chase & Co. have sold a $500 million leveraged loan for Mativ Holdings Inc. at one of the biggest discounts so far this year, as investor demand for risky debt wanes amid volatile markets. The loan, which will refinance debt for the specialty materials producer, was priced Monday at 4.5 percentage points over the benchmark and 95 cents on the dollar, according to a person wit...
Banks led by JPMorgan Chase & Co. have sold a $500 million leveraged loan for Mativ Holdings Inc. at one of the biggest discounts so far this year, as investor demand for risky debt wanes amid volatile markets. The loan, which will refinance debt for the specialty materials producer, was priced Monday at 4.5 percentage points over the benchmark and 95 cents on the dollar, according to a person with direct knowledge of the matter. Only two US leveraged loans have priced at deeper discounts this year, according to data compiled by Bloomberg. Leveraged borrowers are offering more investor-friendly terms as the economic fallout from the war in Iran and concerns over artificial intelligence’s impact on some businesses weigh on appetite for risky corporate loans. Some companies have even pulled loans from syndication. On Monday, JPMorgan also sweetened the pricing on a $7.2 billion debt package to fund Clayton, Dubilier & Rice LLC ’s takeover of Bubble Wrap maker Sealed Air Corp. Mativ — which produces materials used in everything from submarine cable tapes to medical adhesives — has grappled with an elevated debt burden while weathering what Chief Executive Officer Shruti Singhal has recently described as “anemic demand” in some industrial sectors. JPMorgan last week helped offload nearly $22 billion in junk debt tied to acquisition-related financings involving Electronic Arts Inc. and Nexstar Media Group Inc.
Constellation Energy was the first major beneficiary of the boom in AI electricity demand, but the stock has become a show-me story, dogged by doubts about its ability to continue growing in an increasingly competitive field. It will get a chance to prove itself at a long-awaited investor presentation on Tuesday. “This will be a seminal event for the IPP [independent power producer] industry,” wro...
Constellation Energy was the first major beneficiary of the boom in AI electricity demand, but the stock has become a show-me story, dogged by doubts about its ability to continue growing in an increasingly competitive field. It will get a chance to prove itself at a long-awaited investor presentation on Tuesday. “This will be a seminal event for the IPP [independent power producer] industry,” wrote Jefferies analyst Paul Zimbardo.
Fortress Investment Group plans to restructure Poundstretcher Ltd . just two years after acquiring the struggling discount retailer, the latest sign of deepening strain across the UK high street. The plan — which requires court approval — would involve reducing Poundstretcher’s rent by as much 25% on around 50 of its stores, while eliminating rent completely for another 50 locations that are curre...
Fortress Investment Group plans to restructure Poundstretcher Ltd . just two years after acquiring the struggling discount retailer, the latest sign of deepening strain across the UK high street. The plan — which requires court approval — would involve reducing Poundstretcher’s rent by as much 25% on around 50 of its stores, while eliminating rent completely for another 50 locations that are currently unprofitable, according to a person familiar with the matter. The rent reductions would expire in three years, and landlords will be offered equity upside if those concessions are approved, the person said, asking not to be identified discussing private information. The plan would also wipe a small amount of Fortress’s Poundstretcher debt, the person added. Representatives for Fortress and Poundstretcher declined to comment. Poundstretcher reported a pre-tax loss of £9.9 million ($13 million) in 2024, with management citing a “challenging environment for retailers.” In 2025, Poundland, another UK discount retailer, went through a sweeping restructuring . Last month, Fortress provided Poundstretcher with a £30 million financing facility, according to public filings . The cash will be used as working capital and can be drawn down by Poundstretcher as needed, the person said.
Gulf LNG Crisis Set To 'Make Coal Great Again' Our weekend wrap on the global energy crisis focused on Asia as ground zero and how the shock will ripple across the world, eventually hitting the US. This is now the second major energy crunch of the decade: first Russia's invasion of Ukraine, now the U.S.-Iran conflict. However, this one looks a lot more catastrophic. The immediate impact of this en...
Gulf LNG Crisis Set To 'Make Coal Great Again' Our weekend wrap on the global energy crisis focused on Asia as ground zero and how the shock will ripple across the world, eventually hitting the US. This is now the second major energy crunch of the decade: first Russia's invasion of Ukraine, now the U.S.-Iran conflict. However, this one looks a lot more catastrophic. The immediate impact of this energy crunch will be a resurgence of coal , especially across Asia, as power grid operators will be forced to switch to the dirtiest fuel to keep electricity affordable during the crisis. " We are now seeing a second, very large energy supply shock ," Goldman commodities expert Samantha Dart told Bloomberg. Dart added, " If you're sitting in Asia, going through this again, it's possible you change your strategy long term, rely more on coal for longer, build out your renewables faster, and reduce your exposure to natural gas ." Last week, JPMorgan's commodity expert showed just how Asia has emerged as ground zero of the global energy crisis . The shock is expected to spread worldwide, hitting Asia first, then Africa and Europe, before eventually reaching the U.S., though the most acute impact there may be concentrated in California. Source Bloomberg noted that Japan is already turning back to coal-fired power generation . India and Bangladesh are also running coal plants at higher capacity, while some European countries may soon be forced to burn more coal as disruptions at the Strait of Hormuz and damage to Qatar's LNG export hub tighten global gas supplies and send prices sharply higher. Fatih Birol, director of the International Energy Agency, who has warned about the worst energy shock on record, told the outlet that "high energy prices will lead governments, industries, and households to look at other options." Those options include "at least temporarily, upward pressure on the use of coal both for electricity generation and for the industrial sector ," he said. We cited...
Your human manager may soon be a chatbot. Across organizations, AI is being used to replace layers of management in what some are calling "The Great Flattening."
Your human manager may soon be a chatbot. Across organizations, AI is being used to replace layers of management in what some are calling "The Great Flattening."
Your human manager may soon be a chatbot. Across organizations, AI is being used to replace layers of management in what some are calling "The Great Flattening."
Your human manager may soon be a chatbot. Across organizations, AI is being used to replace layers of management in what some are calling "The Great Flattening."
Advanced Flower Capital (AFC) on Monday said it has expanded its senior secured revolving credit facility to $80 million with an additional $30 million commitment from an existing FDIC-insured banking partner. The company said the facility remains expandable to $100 million, subject to lender participation and borrowing base availability. AFC said it plans to use the facility to fund existing borr...
Advanced Flower Capital (AFC) on Monday said it has expanded its senior secured revolving credit facility to $80 million with an additional $30 million commitment from an existing FDIC-insured banking partner. The company said the facility remains expandable to $100 million, subject to lender participation and borrowing base availability. AFC said it plans to use the facility to fund existing borrower commitments, originate and participate in commercial loans, and for working capital and general corporate purposes. Source: Press Release More on Advanced Flower Capital Advanced Flower Capital: The 7.5% Dividend Yield Haunted By The Specter Of Legacy Loans Advanced Flower Capital Inc. 2025 Q4 - Results - Earnings Call Presentation Advanced Flower Capital Inc. (AFCG) Q4 2025 Earnings Call Transcript Afcg signals over $1.4B active pipeline following BDC conversion while prioritizing lower middle market lending Advanced Flower Capital Q4 2025 Earnings Preview
Boston Scientific (NYSE:BSX), a maker of medical devices for interventional specialties, closed Monday at $62.92, down 9.03%. The stock moved lower on Monday as investors analyzed new clinical trial information on the company’s Watchman heart implant. Trading volume reached 39.9
Boston Scientific (NYSE:BSX), a maker of medical devices for interventional specialties, closed Monday at $62.92, down 9.03%. The stock moved lower on Monday as investors analyzed new clinical trial information on the company’s Watchman heart implant. Trading volume reached 39.9
Nasa began the countdown on Monday for humanity’s first launch to the moon in 53 years. The 32-storey Space Launch System rocket is poised to blast-off on Wednesday evening with four astronauts. After a day in orbit around Earth, the Orion capsule will propel the astronauts to the moon and back. There are no stops – just a quick U-turn around the moon. The nearly 10-day flight will end with a spla...
Nasa began the countdown on Monday for humanity’s first launch to the moon in 53 years. The 32-storey Space Launch System rocket is poised to blast-off on Wednesday evening with four astronauts. After a day in orbit around Earth, the Orion capsule will propel the astronauts to the moon and back. There are no stops – just a quick U-turn around the moon. The nearly 10-day flight will end with a splashdown in the Pacific. Managers said the rocket is doing well following the latest round of repairs....
Xanadu Quantum Technologies defied a broad selloff in its trading debut, ending Friday’s session at $11.50, up 15% from its opening price. One would expect boundless enthusiasm on management’s part after a day like that, but CEO Christian Weedbrook is maintaining a “business as usual” approach as he focuses on the company’s long-term goals. Friday’s move represented an 18% jump from the stock’s pr...
Xanadu Quantum Technologies defied a broad selloff in its trading debut, ending Friday’s session at $11.50, up 15% from its opening price. One would expect boundless enthusiasm on management’s part after a day like that, but CEO Christian Weedbrook is maintaining a “business as usual” approach as he focuses on the company’s long-term goals. Friday’s move represented an 18% jump from the stock’s previous closing price, after Xanadu went public through a business combination with a publicly traded blank check company.
Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)
Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)
On Saturday, Tesla Inc. drew fresh attention after Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber said he received an email saying production of the Model S and Model X is ending, calling the two vehicles the "best vehicles of all time." The note lands as Gerber has also been urging drivers to ditch gasoline amid California's price jump, a point he made while buy an EV and even sug...
On Saturday, Tesla Inc. drew fresh attention after Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber said he received an email saying production of the Model S and Model X is ending, calling the two vehicles the "best vehicles of all time." The note lands as Gerber has also been urging drivers to ditch gasoline amid California's price jump, a point he made while buy an EV and even suggesting Rivian or Kia for shoppers who don't want a Tesla. In a post on X, Gerber said the move "sad