Capital Markets

Axon Prices $1 Billion Zero-Coupon Convertible Notes Due 2031

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Axon Prices $1 Billion Zero-Coupon Convertible Notes Due 2031

Scottsdale, Ariz. – September 19, 2026 -- Axon Enterprise Inc. (Nasdaq: AXON) has priced $1.0 billion in aggregate principal amount of 0% convertible senior notes due 2031, with underwriters holding an option to purchase up to an additional $150.0 million to cover over-allotments.

Axon expects to net $986.0 million from the offering, or $1,134.3 million if the over-allotment is fully exercised

The sale to underwriters is expected to settle on September 19, 2026, subject to customary closing conditions. The public safety technology maker will direct $99.9 million of net proceeds, or $114.9 million with the over-allotment, toward capped call transactions, with the remainder earmarked for general corporate purposes including potential acquisitions of, or investments in, other businesses.

Sabre Upsizes Secured Notes Offering to $1.35 Billion

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Sabre Upsizes Secured Notes Offering to $1.35 Billion

Southlake, Texas – September 19, 2026 -- Sabre Corporation's wholly owned subsidiary, Sabre Financial Borrower, LLC, priced an upsized private offering of $1.35 billion in 9.875% Senior Secured Notes due 2032, increased from an initial $1.1 billion target. The Nasdaq-listed travel technology firm (SABR) expects the transaction to close on September 19, 2026.

Sabre Launches $250M Tender Offer Backed by $1.35B Note Sale

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Sabre Launches $250M Tender Offer Backed by $1.35B Note Sale

Southlake, Texas – September 19, 2026 -- Sabre Corporation (Nasdaq: SABR) has commenced additional tender offers through its wholly-owned subsidiary Sabre GLBL Inc. to repurchase outstanding securities for cash, capping the aggregate purchase price at $250 million.

Sabre GLBL sets a September 24 deadline for bondholders to tender securities

The tender offers expire at 5:00 p.m. New York City time on September 19, 2026, unless extended or terminated early. Holders must validly tender by that deadline to receive the purchase price plus accrued and unpaid interest, with settlement expected on September 19, 2026. Withdrawal rights also close at the same September 24 deadline.

Charter Declares $0.4375 Quarterly Dividend on Preferred Stock

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Charter Declares $0.4375 Quarterly Dividend on Preferred Stock

Stamford, Conn. – September 19, 2026 -- Charter Communications (NASDAQ: CHTR, CHTRP) declared a quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock, payable September 19, 2026 to holders of record as of September 19, 2026.

Preferred shares trace back to the Liberty Broadband acquisition

The 7,183,812 shares of Charter Preferred Stock outstanding were issued when each share of Liberty Broadband Corporation's Series A Cumulative Redeemable Preferred Stock converted into a newly issued Charter Preferred share at the deal's effective time.

Preferred stock carries fixed 7% yield and 2039 redemption date

The Charter Preferred Stock carries a liquidation preference of $25 per share plus accrued but unpaid dividends, pays dividends quarterly at a 7% annual rate, and is mandatorily redeemable on September 19, 2026. Each share is entitled to 1/3 of a vote.

Axon Plans $1 Billion Zero-Coupon Convertible Notes Offering Due 2031

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Axon Plans $1 Billion Zero-Coupon Convertible Notes Offering Due 2031

Scottsdale, Ariz. – September 18, 2026 -- Axon Enterprise, Inc. (Nasdaq: AXON) intends to offer $1.0 billion in aggregate principal amount of 0% convertible senior notes due 2031, subject to market conditions, the public safety technology company announced.

Axon adds $150 million over-allotment option for underwriters

Underwriters will have the option to purchase up to an additional $150.0 million in notes to cover over-allotments, exercisable for settlement within an 11-day period beginning on the first issuance date. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Citigroup Global Markets Inc. are serving as joint lead book-running managers.

SciBase Delays Rights Issue Trading Start by One Day to Sept 16

Stockholm – September 18, 2026 -- SciBase Holding AB has pushed back the first day of trading in subscription rights and paid subscribed shares (BTA) tied to its ongoing rights issue by one day, moving the start date from September 18, 2026 to September 18, 2026 on Nasdaq First North Growth Market.

The subscription period itself remains unchanged, running from September 15 through September 18, 2026.

Timetable shift leaves subscription window intact

The Swedish medtech company confirmed the updated timetable applies only to the trading commencement of subscription rights and BTAs, not to the underlying subscription mechanics of the capital raise.

Michael Colérus, Chief Financial Officer of SciBase, is the designated contact for investor inquiries related to the adjustment.

PBF Holding Prices $500M Zero-Coupon Notes to Refinance 2030 Debt

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PBF Holding Prices $500M Zero-Coupon Notes to Refinance 2030 Debt

Parsippany-Troy Hills, N.J. – September 18, 2026 -- PBF Energy Inc.'s subsidiary PBF Holding Company LLC has priced $500 million in 0% exchangeable notes due 2032, with net proceeds earmarked largely to retire its existing 7.875% Senior Unsecured Notes due 2030.

PBF Holding sets zero-coupon terms with 37.5% exchange premium

The notes, co-issued with PBF Finance Corporation, carry no regular interest and will not accrete in principal. The initial exchange price is approximately $96.80 per share, a 37.5% premium over PBF Energy's $70.40 closing share price on the New York Stock Exchange on September 18, 2026. Initial purchasers hold an option to buy up to $50 million in additional notes within 13 days of issuance.

Oaktree Vehicle Sells 9 Million TORM Shares in Secondary Offering

Hellerup – September 18, 2026 -- TORM plc has launched a secondary public offering of 9,000,000 Class A common shares on behalf of OCM Njord Holdings S.à r.l., a vehicle indirectly owned by funds managed by Oaktree Capital Management, L.P.

Oaktree-linked seller holds roughly 20% of TORM's Class A shares before the sale

OCM Njord Holdings currently owns approximately 20% of TORM's Class A common shares. The selling shareholder is expected to grant the underwriter a 30-day option to purchase up to an additional 1,350,000 shares, which could lift the total offering size to 10,350,000 shares.

TORM will not receive proceeds as the sale is entirely secondary

The Nasdaq-listed product tanker operator (TRMD, TRMD A) is not selling any shares itself and will not collect proceeds from the transaction. J.P. Morgan Securities LLC is acting as sole underwriter, offering the shares to the public at a fixed price that may be adjusted without notice.

NHI Builds $608M Pipeline Ahead of BofA Real Estate Conference

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NHI Builds $608M Pipeline Ahead of BofA Real Estate Conference

Murfreesboro – September 18, 2026 -- National Health Investors (NYSE: NHI) has amassed approximately $608.7 million in combined investment opportunities as management prepares to meet investors at the BofA Securities 2026 Global Real Estate Conference on September 15.

NHI holds $272.0 million under signed letters of intent for new acquisitions

The senior housing REIT disclosed that it currently has roughly $272.0 million of investment opportunities under signed Letters of Intent, alongside an additional $51.7 million tied to real estate purchase options.

Company plans to deploy 1031 exchange proceeds from NHC portfolio sale

NHI expects to use proceeds from a Section 1031 exchange transaction initiated by its NHC portfolio sale to fund a significant portion of these committed opportunities. Completing the exchanges would defer recognition of a substantial share of the taxable gain generated by the NHC sale.

Tenon Medical Raises $2.87M via Warrant Inducement Deal

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Tenon Medical Raises $2.87M via Warrant Inducement Deal

Jersey City, N.J. – September 18, 2026 -- Tenon Medical, Inc. (NASDAQ: TNON) has closed a warrant inducement agreement generating $2,872,338.58 in gross proceeds from an institutional investor exercising 572,179 outstanding warrants in full.

Institutional investor exercises warrants for immediate cash proceeds

The exercising holder converted 572,179 existing warrants into common stock, delivering gross cash proceeds of $2,872,338.58 to Tenon before deducting advisor fees and other expenses.

Company issues new warrants covering 858,269 shares at $5.02 exercise price

In exchange for the immediate exercise, the investor received new unregistered warrants to purchase up to 858,269 shares of common stock, equal to 150% of the shares issued in the original exercise. The new warrants carry a $5.02 per-share exercise price, are immediately exercisable upon issuance, and expire five years from that date.