High Tide Inc. (HITI), a leading cannabis retail enterprise, has successfully closed the final tranche of its $15 million subordinated debt facility. The funding will fuel the company’s expansion plans, including growing its retail network and e-commerce presence, while also strengthening its position in the evolving cannabis market.
Boeing is planning to raise $15 billion through a combination of stock and debt offerings. This move comes as the company faces a costly strike, regulatory scrutiny, and production delays following the 737 MAX grounding. The offering is expected to take place after Boeing’s third-quarter earnings report, but some analysts believe it could be delayed until the strike is resolved.
Boeing has secured a $10 billion credit line from major banks to bolster its financial position, while also announcing a mixed shelf offering of up to $25 billion. This comes amidst a 10% workforce reduction and ongoing financial challenges for the aerospace giant.
F&G Annuities & Life, Inc. (F&G) announced the successful pricing of a $500 million public offering of its 6.250% senior notes due 2034. The offering is expected to close on October 4th, 2024, subject to customary closing conditions. F&G plans to use the proceeds to repay debt and for general corporate purposes, including support for organic growth opportunities.
TerrAscend Corp. (TSNDF) has finalized the second and final draw of $26 million from its $140 million senior secured term loan, further bolstering its financial standing. These funds will be used to reduce high-interest debt, particularly in Michigan, where TerrAscend is expanding its operations. The company now has no material debt maturing until late 2027.
Shares of AgEagle Aerial Systems Inc (UAVS) plummeted by 65.2% on Monday after the company announced a $6.5 million public offering of 26.9 million units at 24 cents per unit. The offering aims to reduce debt and fund general operations, but the news triggered a significant sell-off in the stock, pushing it down to 9 cents. This sharp decline follows a year of significant underperformance, raising questions about the company’s future prospects.
Post Holdings, Inc. has announced its intention to issue $500 million in senior notes due 2034. The proceeds will be used to pay off existing debt, and for general corporate purposes such as acquisitions and share repurchases.
T-Mobile US, Inc. announced a $2.5 billion secondary senior notes offering to fund share repurchases, dividends, and refinancing existing debt. This move comes after analysts upgraded T-Mobile following its three-year plan focused on customer experience and dividend growth. The company’s strong performance, including revenue growth and customer additions, has led to increased investor interest.
Royal Caribbean Cruises Ltd. has announced a $1 billion bond offering to refinance existing debt and improve its financial position. The proceeds will be used to redeem outstanding bonds and finance the Silver Dawn cruise ship. The offering is part of the company’s strategy to streamline its financial commitments and enhance operational flexibility.
Japanese company Metaplanet has further increased its Bitcoin holdings by purchasing 38.6 BTC for $2.2 million, bringing its total to over 398 BTC. This move follows the company’s August announcement of a 10.08 billion yen fundraising plan aimed at expanding its Bitcoin reserves. Metaplanet’s aggressive Bitcoin strategy mirrors that of MicroStrategy, demonstrating the growing trend of companies using debt to capitalize on Bitcoin’s potential appreciation.
