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.
IPO & Public Offerings
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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.
DICK’S Prices $1.0B Senior Notes Due 2036 and 2056
DICK’S Sporting Goods closes $1.0B senior notes offering across 10-year and 30-year tranches, securing $988M net proceeds for corporate flexibility.
ADARx Prices Upsized $446M Nasdaq IPO at $17 on siRNA Pipeline
ADARx Pharmaceuticals upsized its Nasdaq IPO to 26.25M shares at $17.00, raising $446.3M alongside an $89M AbbVie private placement.
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.
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.
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.