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.
corporate debt
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.
Tesla Secures $30B in New Unsecured Bank Credit Facilities
Tesla entered into $30 billion of new unsecured bank credit facilities with Citi and Wells Fargo, replacing its $5 billion revolver to expand liquidity.
AMC Launches $3.97B Financing Plan and Debt Tender Offer
AMC launched notes and loan financing totaling $3.97 billion. Here is what is marketed, committed, conditional and still unknown.
CoreWeave Launches $3B Convertible Debt Sale for AI Buildout
CoreWeave announced a $3B Rule 144A convertible senior notes offering due 2033 with capped calls to lower financing costs and fund AI infrastructure capex.
IG Bond Buyers Yank 36% of Orders as Supply Overwhelms
US investment-grade bond issuance is on a record 2026 pace, but buyers pulled 36% of orders this week after pricing was squeezed — twice the prior week.