WISeSat.Space Debuts on Nasdaq as SAIQ After $250M SPAC Deal
WISeSat.Space begins trading on Nasdaq as SAIQ following the completion of its $250 million SPAC merger with Columbus Acquisition Corp. and a $10M PIPE.
IPO & Public Offerings
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onsemi Revises Synaptics Deal to $5.7B All-Cash at $123
onsemi restructured its acquisition of Synaptics into a $5.7B all-cash transaction at $123 per share, backed by a $2.45B Morgan Stanley term loan facility.
OpenText Prices $300M Debt Tender Amid $697M Demand
OpenText priced its $300M debt tender for 2028 notes at $981.71, applying a 43.05% proration factor after receiving $697.56M in tenders.
Kimberly-Clark Launches $7B Debt Exchange for Kenvue Notes
Kimberly-Clark commenced an exchange offer for up to $7B of Kenvue notes with an early tender premium as it restructures debt for its planned acquisition.
SoundThinking Agrees to $159M Transom Buyout With $3 CVR
SoundThinking agreed to be acquired by Transom Capital for $8 cash plus up to $3 in CVRs, implying up to a $159 million enterprise value.
Kyndryl Closes $1B Senior Notes to Refinance 2.05% Debt
Kyndryl closed a $1B dual-tranche senior notes offering to repay $700M of 2.05% debt due in 2026, navigating higher interest rates to extend maturities.
Sabre Closes $1.35B Notes and Multi-Tranche Debt Tender
Sabre closed a $1.35B senior notes offering due 2032 to refinance 2029 debt, cutting coupons by up to 125 bps and extending maturities by three years.
Bluerock Acquisition II Prices $150M SPAC IPO on Nasdaq
Bluerock Acquisition Corp. II priced its $150M IPO of 15M units at $10.00 each, offering one-half warrant and 21 months to find a business combination.
Porsche Financial Prices $911M Auto ABS in 5 Tranches
Porsche Financial Services priced $911M in prime auto loan ABS backed by $960.7M in luxury vehicle contracts, featuring a 786 weighted average FICO score.
CleanSpark Closes $2.276B Notes for Meta AI Campus
CleanSpark subsidiary CSDC Finance closed $2.276B in 7.875% notes due 2031 to fund its Meta-leased 175 MW Sandersville AI data center campus.