Bitcoin mining company Riot Platforms secured a significant $525 million in an upsized private offering of convertible senior notes, aiming to bolster its Bitcoin holdings and fuel overall corporate growth. The offering, exceeding initial expectations, reflects investor confidence in Riot’s future despite recent market challenges.
Bitcoin mining company MARA Holdings Inc. (MARA) successfully raised $850 million through a convertible senior notes offering, following a similar $1 billion offering in November. The funds will be used to acquire more Bitcoin and repurchase existing debt, highlighting the company’s continued investment in the cryptocurrency.
Agenus Inc. (AGEN) stock surged over 16% after securing a $22 million mortgage and unveiling a strategic realignment plan focused on its promising BOT/BAL cancer therapy. The plan aims to significantly reduce cash burn and accelerate development of this key asset.
Pablo Diaz, CEO of The Awareness Group (TAG), discusses how his company is revolutionizing solar energy adoption by providing accessible financing and full-stack services for both commercial and residential projects. Learn how TAG is making solar power a reality for a wider range of clients.
JCPenney and Synchrony have extended their long-standing partnership, adding Synchrony Pay Later, a buy now, pay later financing option, to JCPenney’s existing credit card offerings. This move aims to provide customers with more flexibility and choice in their purchasing decisions, especially for fine jewelry items over $300.
Heliostar Metals Ltd. (HSTXF) has secured CA$6 million in financing through a private placement, led by prominent investor Eric Sprott. This investment will fuel the company’s expansion plans, focusing on resource development and strategic acquisitions to solidify its position as a leading mid-tier precious metals producer.
Nationwide Commercial Credit, Inc. has introduced a new fuel credit card program designed specifically for entry-level trucking companies. This initiative aims to ease the financial burden of fuel costs, a major expense for growing businesses in the trucking industry. The program provides interest-free credit, cash discounts at partner fuel stations, and automatic pay-down upon load completion, making it a convenient and reliable solution for managing cash flow.
SKY Leasing, a leading aviation investment manager, has successfully closed a $569.6 million secured notes offering, aiming to acquire a portfolio of 22 Airbus and Boeing aircraft valued at approximately $825 million. The transaction highlights SKY’s strategic approach to providing efficient capital solutions for airline customers and attractive investment opportunities for partners.
Alaska Air Group has announced a $1.5 billion financing initiative, leveraging its Mileage Plan customer loyalty program. The proceeds will be used to redeem debt, support general operations, and enhance liquidity, demonstrating the strategic importance of the program and the company’s commitment to financial strength.
RCN Capital, a leading private real estate lender, has officially reopened its expanded office in Charlotte, North Carolina. This expansion reflects the company’s significant growth and commitment to building a stronger presence in the region. The renovated office now accommodates up to 45 employees, up from 25, highlighting RCN Capital’s investment in its North Carolina workforce.
