Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.
CareCloud Announces Approval of Series A Preferred Stock Proposal
AM Best Affirms Credit Ratings of RenaissanceRe Holdings Ltd. and Its Main Subsidiaries
QVC, Inc. Announces Private Exchange Offers for Any and All Outstanding 2027 Notes and 2028 Notes
ICE’s Global Natural Gas Markets Reach Record Liquidity
SITE Centers Announces Spin-Off Record and Distribution Dates
Odd that QVC will pay over 2% more for new note to replace two older ones.
Guess I don’t understand it.
The glass is half empty crowd would say they’re willing to pay up to kick the can down the road farther…. The glass is half full crowd would say they are recognizing a short term but solvable with time liquidity problem and are anticipating and planning for it by being willing to pay up to buy time by extending their short term obligation structure by offering a deal like this…. I suppose, since Moody’s has blessed this exchange by confirming their existing rating post announcement, I would hope the glass is half full crowd is right.