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.
corporate debt
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.
Tradeweb to Acquire Trumid for $1.97B in Credit Push
Tradeweb agreed to acquire credit platform Trumid for $1.97B, expanding into grey markets, new bond issuance origination, and dealer-to-dealer protocols.
Vaxcyte Closes $1.1B Dual Equity and Convertible Notes Deal
Vaxcyte closed $1.1B in net proceeds through concurrent stock and 1.50% convertible senior notes offerings to finance Phase 3 VAX-31 vaccine development.
BMW Lease Trust Prices $1.25B Auto ABS Across 5 Tranches
BMW Vehicle Lease Trust 2026-2 priced $1.25 billion in asset-backed notes across five tranches, backed by $1.44 billion in retail vehicle leases.
AMC Closes $3.97B Refinancing, Prices 8.875% Notes
AMC completed its $3.97B debt refinancing, issuing 8.875% notes due 2031, executing new term loans, and retiring 2029 notes and credit facilities.
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.
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.