Treasury Floating Rate Notes: How Index Rates and Spreads Work
Learn how Treasury Floating Rate Notes (FRNs) work, how their weekly index rate and fixed spread are determined, and why they carry near-zero duration.
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Runway Growth Prices $45M Notes to Refinance 9% Senior Debt
Runway Growth Finance priced $45M of 7.75% Notes due 2031 to redeem its 9% 2027 notes and repay bank debt, extending duration at lower coupon cost.
TD SYNNEX Posts Record $21.6B Q3 Revenue on Enterprise AI Boom
TD SYNNEX posted record fiscal Q3 2026 revenue of $21.6B and an 89% GAAP EPS jump, driven by enterprise AI deployments and server manufacturing demand.
FDIC vs. SIPC: How Bank and Brokerage Protections Differ
Understand the key differences between FDIC deposit insurance and SIPC brokerage protection, including coverage limits, eligible assets, and cash rules.
Sysco Closes C$1.5B Notes in Multi-Tranche Jetro Financing
Sysco closed C$1.5B in Canadian senior notes and executed agreements for $14.65B in USD debt and €1.0B in EUR debt to fund its Jetro Restaurant Depot deal.
Akamai Lands $11.6B Anthropic Cloud Deal and 5% Warrant
Akamai secured an $11.6 billion multi-year cloud contract with Anthropic, issued a 5% warrant, and committed $1.7 billion for server memory with Jabil.
Open Market Operations: How the Fed and the Desk Steer Rates
Learn how Fed Open Market Operations work, how the New York Fed Desk trades with primary dealers, and how permanent vs. temporary repos steer interest rates.
McGraw Hill Launches $500M Notes in $1.33B Debt Refinancing
McGraw Hill announced a $500 million senior secured notes offering and an $830 million Term Loan B to refinance existing credit facilities and 2028 notes.
Darden Q1 Sales Hit $3.2B as LongHorn Outpaces Olive Garden
Darden reported Q1 FY2027 sales of $3.2B, led by 6.2% LongHorn same-store growth, while reaffirming full-year EPS guidance of $11.10 to $11.35.
Shelf Registration Explained: Form S-3, Rule 415, and Takedowns
Learn how SEC Rule 415 and Form S-3 shelf registrations work, from base prospectuses and WKSI rules to shelf takedowns and dilution mechanics.