Snowflake Prices Upsized $3.75B Convertible Senior Notes
Snowflake closed an upsized $3.75B zero-coupon convertible debt offering due 2029 and 2031 with 150% capped calls and repurchased $261.8M of 2027 notes.
capital markets
High-Yield Bonds vs. Leveraged Loans: Key Differences Explained
Compare high-yield bonds and leveraged loans. Learn how seniority, fixed vs. floating rates, call protection, covenants, and recovery rates differ.
Accelevation Prices $540M Nasdaq IPO at $18 to Fund AI Growth
Accelevation Holdings Corp. prices its $540M Nasdaq IPO at $18.00 per share to expand AI data center power systems and repay term loan borrowings.
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.
Getty Images Delisted by NYSE After 30-Day Debt Grace Period
Getty Images was delisted by the NYSE after making late coupon payments within a 30-day grace period, shifting to OTC trading amid $1.33B in debt.
Treasury Curve Steepens to +46 Bps: What 5.24% Yields Mean for Debt
The 2s10s Treasury yield curve steepened to +46 bps as the 10-year yield held at 5.24%, creating a challenging refinancing backdrop for corporate borrowers.
Skydance Rebrands for Oct. 6 Close, Shifts to NYSE as SKYD
Paramount Skydance rebrands as Skydance Corporation, transfers to NYSE under SKYD, and confirms an October 6 close after settling antitrust claims.
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.
Covered Interest Rate Parity: How FX Swaps and Forwards Work
Learn how covered interest rate parity (CIP) prices currency forwards, links FX swaps and interest rates, and why the cross-currency basis persists.
Fed Finalizes Stress Test Rule to Cut Capital Volatility
The Federal Reserve finalized rules to halve stress-test capital volatility using two-year averaging and mandate annual public comment on supervisory models.