Newell, the company behind the Rubbermaid, Sharpie and Elmer’s brands, plans to pay off the $200 million of bonds it has maturing this year with cash.
Synopsys Plans to Tap Loan, Bond Markets to Fund Ansys Acquisition
Synopsys plans to finance its $34 billion purchase of software maker Ansys in part with a term loan as it seeks flexibility to pay down debt piecemeal after the acquisition has closed.
US Companies Pay Up to Hedge Debt After Interest-Rate Volatility Soars
Wall Street’s corporate bond desks are seeing a major increase in demand for hedges as debt issuers grapple with soaring interest-rate volatility.
CFOs Are Grabbing More CEO Jobs
CFOs are taking on more operational responsibilities. That helped a record number reach the top job last year at America’s biggest companies. “The more you can grab as CFO, the more likely you will have chances at the top gig.”
US Finance Chiefs Expect to Pay Slightly More to Refinance Debt
US finance leaders expect they will have to pay slightly more in 2024 and 2025 to refinance maturing debt but see funding costs decline after that.
A $1.3 Trillion Debt-Fueled Boom in Deals Faces a Grim New Reality
Companies that relied on cheap credit to fund big deals during the easy money era are now struggling to keep those promises.
Honeywell Plans to Use Cash, Debt to Pay for Carrier’s Security Business, CFO Says
Honeywell plans to use cash and debt to pay for the $4.95 billion acquisition of Carrier’s security business and tap the bond market next year.
S&P Global Expects to Rate More Private Credit as Debt Concerns Rise
S&P Global expects to generate more revenue from rating private debt financings, as a potential downturn in credit markets spurs investors to seek more information about the risks their money managers are taking, the company’s finance chief said.
Delta on Course to Meet Investment-Grade Metrics Next Year, CFO Says
Delta Air Lines is bolstering its efforts to regain the blue-chip rating it lost during the pandemic, the company’s finance chief said. “We’re one notch away,” Dan Janki said. “We think our metrics will certainly be aligned to that next year.”
US Companies Opting to Refinance 2024 Debt Face Profit Hit as Higher Rates Bite
Some of the largest US companies face billions of dollars in additional interest costs and hits to their profit if they refinance their 2024 maturities at current rates, with a third of them lacking the cash to repay upcoming debt.