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.
B. Riley Financial (RILY) saw its stock price jump on Monday after announcing a strategic plan involving the sale of a majority stake in Great American Group and a debt financing plan for its brands portfolio. These initiatives aim to significantly reduce debt and strengthen the company’s financial position.
MGM Resorts International has increased its public offering of senior notes to $850 million, reflecting strong investor interest. The proceeds will be used to repay existing debt, cover transaction costs, and for general corporate purposes.
MGM Resorts International has announced plans to issue $675 million in senior notes maturing in 2029. The proceeds will be used to repay existing debt, specifically targeting the 5.750% senior notes due in 2025. The notes are unsecured senior obligations of the Company and will be guaranteed by most of its domestic subsidiaries.
EnLink Midstream has announced the pricing of $500 million in senior notes due 2034. The notes will be fully guaranteed by EnLink Midstream Partners, LP, and the proceeds will be used for general company purposes, including debt repayment and funding the purchase of preferred units.
BOC Aviation has successfully closed a record-breaking US$2.3 billion club loan, the largest in its history. This five-year transaction, involving 25 banks globally, will be used for general working capital, capital expenditure, and refinancing existing debts, highlighting the company’s strong financial standing and commitment to growth in the competitive aviation leasing market.
GFL Environmental Inc. has successfully amended its senior secured term loan, lowering the borrowing rate and extending the maturity date. The company aims to increase free cash flow, extend debt maturities, and preserve balance sheet flexibility. The transaction was significantly oversubscribed, demonstrating investor confidence in GFL’s financial health.
