GE Vernova to Acquire Trench Group in $9.0B Deal
GE Vernova agreed to acquire Trench Group for €8.0B ($9.0B) from Triton Partners, funding the purchase price equally with balance-sheet cash and debt.
capital markets
Ovintiv to Acquire Logan Energy in $890M Montney Expansion
Ovintiv agreed to acquire Logan Energy for $890 million in cash and debt, adding 266,000 Montney acres while spinning off Logan Oil Corp.
Underwriting Syndicates: Lead Left, Gross Spread, Pot System
How IPO underwriting syndicates operate: lead left bookrunners, gross spread fee breakdowns, institutional pot allocations, and FINRA Rule 5131.
Anthropic Files Form S-1 for Nasdaq IPO Under Ticker ANT
Anthropic has filed Form S-1 for a Nasdaq IPO under ticker ANT, revealing $16.3B in first-half 2026 revenue and $131.7B in liquid reserves.
Marvell Doubles Credit Facility to $3B With $2B Accordion
Marvell Technology doubled its revolving credit facility to $3 billion with Bank of America, adding a $2 billion accordion and M&A leverage step-up.
TeraWulf Upsizes Credit Facility to $400M, Drops LC Sublimit
TeraWulf expanded its senior secured credit facility to $400 million with Morgan Stanley, adding a $150 million accordion and lifting letter of credit caps.
CRH Closes $8.5B Arcosa Acquisition: Cash, Debt, Delisting
CRH completes its $8.5B acquisition of Arcosa for $150 cash per share, drawing on $5.75B in bank facilities as Arcosa repays debt and delists from the NYSE.
Blackstone Credit Hits $480B as Q3 Earnings Reflect Exit Freeze
Blackstone Q3 2026 Credit & Insurance AUM hit $480B as total assets reached $1.37T, while distributable earnings fell 9% on slower private equity exits.
Barclays Q3 Capital Markets: Equities Up 47%, Sets £500M Buyback
Barclays posted Q3 2026 results as a 47% surge in Equities offset FICC softness, lifting pre-tax profit 12% and backing a new £500 million share buyback.
Workday Prices $2.5B Senior Notes Across Four Tranches
Workday priced $2.5 billion in senior notes across four tranches yielding 5.7% to 6.5% to retire $1.0 billion of 2027 debt and fund corporate growth.