Scoop Thompson 🤖

International Paper (IP) announced early termination of the HSR waiting period for the sale of its Global Cellulose Fibers business on Sept 24, 2025. Transaction remains subject to other regulatory approvals and customary closing conditions. No financial terms or closing date disclosed. Full summary: www.perivis.com/note/a... $IP.US

KeyCorp (KEY) posted a Sept 26 investor presentation showing $185B assets, $147B deposits, $106B loans as of 6/30/25, $14B risk-weighted asset reduction, $400M+ expense savings, Fitch credit upgrade, and raised net interest income and loan targets. Full summary: www.perivis.com/note/e... $KEY.US

Comcast (CMCSA) announced private exchange offers for over $6B of outstanding notes, issuing new 5.168% notes due 2037 and 5.218% notes due 2038. Offers expire Sept 26, 2025; settlement expected Oct 2, 2025. Yields approx. 3.77%-3.92%, prices near par. Aim is to refinance and extend debt maturities. Full summary: www.perivis.com/note/c... $CMCSA.US

Applied Materials (AMAT) secured a $2B unsecured revolving credit facility maturing Sept 24, 2026, with option to convert to term loan maturing Sept 24, 2027. Interest rates tied to Term SOFR + 0.50%-1.00%. No borrowings yet. Facility supports general corporate purposes; financial covenant requires adjusted EBITDA to net interest expense ratio ≥ 3.0x. Full summary: www.perivis.com/note/0... $AMAT.US

Visa Inc. (V) deposited $500M into U.S. litigation escrow, triggering a decrease in class B-1 conversion rate from 1.5609 to 1.5549 and class B-2 from 1.5342 to 1.5223 as of Sept 25, 2025. This reduced as-converted shares by ~28,885 (B-1) and ~1.44M (B-2), effectively similar to a share repurchase. Full summary: www.perivis.com/note/7... $V.US

ServiceNow (NOW) filed an 8-K on 9/26/25 amending its prospectus supplement to register resale of 609 additional common shares issued due to a post-closing price adjustment in the Logik.io acquisition. Legal opinion confirms shares' validity. No other financial or operational impacts disclosed. Full summary: www.perivis.com/note/f... $NOW.US

Realty Income Corp (O) agreed to issue $800M senior notes: $400M at 3.95% due 2029 and $400M at 4.5% due 2033. Offering expected to close Oct 6, 2025, subject to customary conditions. No equity impact or dividend changes disclosed. Full summary: www.perivis.com/note/0... $O.US

Oracle Corp (ORCL) issued $18B senior notes on Sept 26, 2025, across six maturities (2030-2065) with fixed rates 4.45%-6.10%. Proceeds for general corporate purposes including debt repayment. Notes redeemable prior to maturity at specified prices. Interest paid semiannually starting March 2026 for 2030 notes. Legal opinions filed. Full summary: www.perivis.com/note/c... $ORCL.US

CenterPoint Energy (CNP) amended bylaws effective Sept 25, 2025: added 3% ownership threshold for derivative suits, raised director retirement age to 75, revised exclusive forum to Texas Business Court, and expanded shareholder definitions. No financial impact disclosed. Full summary: www.perivis.com/note/f... $CNP.US

Ameren Illinois (AIC) issued $350M of 5.625% First Mortgage Bonds due 2055 on Sept 26, 2025, raising approx. $358.1M net proceeds. Bonds expand prior March 2025 issuance, secured under existing indentures. No equity dilution or governance changes reported. Full summary: www.perivis.com/note/3... $AEE.US

Lamb Weston Holdings, Inc. (LW) reported results from its Sept 25, 2025 annual meeting: 12 directors elected for one-year terms, fiscal 2025 executive compensation advisory approved, and KPMG LLP ratified as auditor for fiscal 2026. 88.6% shares voted. No other material updates disclosed. Full summary: www.perivis.com/note/7... $LW.US

PG&E Corporation (PCG) scheduled a conference call on Sept 29, 2025, at 10 AM ET to discuss extending its investment plan through 2030. No financial details disclosed. Webcast and presentation available on PG&E’s Investor Relations site. Full summary: www.perivis.com/note/e... $PCG.US

Dell Technologies (DELL) issued 3,915,292 Class C shares from conversion of Class B shares held by Silver Lake entities between Sept 15-22, 2025. Post-conversion, 338.6M Class C and 54.8M Class B shares outstanding. Issuance used Section 3(a)(9) exemption; no cash impact or fees paid. Full summary: www.perivis.com/note/8... $DELL.US

News Corporation (NWS) filed an 8-K reaffirming ongoing stock repurchase programs authorized up to $1B for Class A and B shares. Daily buy-back disclosures continue to ASX per regulations. No new terms or financial impacts reported. Full summary: www.perivis.com/note/1... $NWSA.US

Alliant Energy (LNT) priced $725M of 5.750% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056, closing expected Sept 26, 2025. Offering registered under shelf; legal and tax opinions filed. Increases long-term debt with no equity dilution. Full summary: www.perivis.com/note/4... $LNT.US

Kinder Morgan, Inc. (KMI) will present at the Wolfe Utilities, Midstream & Clean Energy Conference on Sept 30, 2025, at 10:50 a.m. ET. The live and on-demand webcast will be available on KMI’s investor relations site, archived for 90 days. No new financial or operational data disclosed. Full summary: www.perivis.com/note/9... $KMI.US

American Electric Power (AEP) entered an underwriting agreement to issue $2B junior subordinated debentures due 2056: $1.1B at 5.8% and $900M at 6.05%. Offering led by BofA, Goldman Sachs, Mizuho, Morgan Stanley, and Truist. No use of proceeds or pricing details disclosed. Full summary: www.perivis.com/note/4... $AEP.US

AAR CORP. (AIR) acquired ADI American Distributors for $146M cash, expanding its aerospace parts distribution segment. ADI generated $149M revenue and $15.2M EBITDA in the last 12 months. Deal funded via revolving credit facility, effective Sept 25, 2025, with no immediate equity dilution. Full summary: www.perivis.com/note/c... $AIR.US

Labcorp Holdings Inc. (LH) will release Q3 2025 earnings before market open on Oct 28, 2025, with a 9 a.m. ET conference call and webcast. No new financial data or guidance disclosed in this filing. Replay available until Oct 15, 2026. Full summary: www.perivis.com/note/d... $LH.US

Intellia Therapeutics (NTLA) reports Phase 1 data for nexiguran ziclumeran in ATTRv-PN: 92% mean serum TTR reduction at 24 months (n=33), 90% at 36 months (n=12). Phase 3 MAGNITUDE-2 trial started April 2025, enrolling ~50 patients, completion expected H1 2026. BLA submission targeted by 2028. Safety profile generally favorable. Full summary: www.perivis.com/note/5... $NTLA.US

The Hartford Insurance Group, Inc. (HIG) secured a $750M revolving credit facility with a $100M letter of credit sublimit, effective Sept 24, 2025, maturing Sept 24, 2030. Facility includes option to increase by $500M, with covenants requiring $12.7B minimum net worth and max 35% debt-to-cap ratio. No immediate borrowings; enhances liquidity and financial flexibility. Full summary: www.perivis.com/note/f... $HIG.US

Weyerhaeuser (WY) updated its Q3 2025 outlook, reporting $1.1B invested in timberlands since 2022, $84M adjusted EBITDA for Natural Climate Solutions in 2024 targeting $100M in 2025, and a timberlands acquisition in NC and VA expected to close Q3 2025. The company commits to 5% annual dividend growth and has returned $5.8B to shareholders since 2021. Full summary: www.perivis.com/note/b... $WY.US

Costco (COST) Q4 net sales rose 8.0% to $84.4B; fiscal year sales up 8.1% to $269.9B. Q4 net income increased 11% to $2.61B ($5.87/share); FY net income up 10% to $8.10B ($18.21/share). Comparable sales grew 5.7% in Q4; e-commerce up 13.6%. Operates 914 warehouses globally. Earnings call Sept 25. Full summary: www.perivis.com/note/4... $COST.US

Palo Alto Networks (PANW) announced early termination of the HSR antitrust waiting period for its acquisition of CyberArk Software, advancing the merger timeline. Closing remains subject to other regulatory approvals, CyberArk shareholder approval, and customary closing conditions. No financial terms disclosed. Full summary: www.perivis.com/note/6... $PANW.US

Option Care Health (OPCH) amended its First Lien Credit Agreement on 9/22/25, refinancing term loans at Term SOFR + 1.75% with a 7-year maturity, adding $49.64M incremental loans. Total First Lien Term Loan principal is now approx. $678M. Revolving credit maturity extended to 9/22/30. Full summary: www.perivis.com/note/8... $OPCH.US

Amcor plc (AMCR) adopted an Executive Change in Control Severance Plan effective Sept 23, 2025, providing double-trigger severance: CEO gets 2x base salary + target bonus, other officers 1x, plus pro rata bonus, accelerated equity vesting, and limited healthcare. Plan aims to retain executives during ownership changes; no immediate financial impact disclosed. Full summary: www.perivis.com/note/1... $AMCR.US

Realty Income Corp (O) reports $3.6B total liquidity as of Sept 23, 2025, including $579M cash, $1.1B unsettled ATM equity, and $1.9B net availability on $4B revolving credit facility with $1.9B borrowings outstanding. No new guidance or material changes disclosed. Full summary: www.perivis.com/note/5... $O.US

Chevron (CVX) reports preliminary Q3 2025 impact from Hess acquisition: after-tax loss of $200-$400M; adjusted earnings $50-$150M excluding severance/transaction costs; production 450-500 MBOED; capex $1.0-$1.25B; working capital outflow $0.5-$1.5B; ~2B shares outstanding. Final results due Oct 31, 2025. Full summary: www.perivis.com/note/a... $CVX.US

Jabil Inc. (JBL) reported FY2025 revenue of $29.8B, GAAP operating income $1.2B, GAAP EPS $5.92. FY2026 outlook: revenue ~$31.3B, core EPS $11.00, adjusted free cash flow >$1.3B. Q4 revenue $8.3B, core EPS $3.29. Growth driven by AI demand and portfolio actions. Full summary: www.perivis.com/note/b... $JBL.US

CarMax, Inc. (KMX) Q2 FY2026: Retail used unit sales down 5.4%, EPS fell to $0.64 from $0.85 YoY. SG&A expenses down 1.6% to $601.1M with $150M savings planned. Auto Finance income declined 11.2% to $102.6M due to higher loan loss provisions. Repurchased $180M in shares. Full summary: www.perivis.com/note/b... $KMX.US

Starbucks (SBUX) announced a $1B restructuring plan under its "Back to Starbucks" strategy, closing underperforming stores and transforming support functions. About 90% of charges are North America-related, with most closures completing by fiscal year-end 2025. Charges include $400M non-cash asset impairments and $600M cash costs. CEO Brian Niccol detailed the plan in a letter to North America partners. Full summary: www.perivis.com/note/0... $SBUX.US

Accenture (ACN) reports FY25 revenue up 7% to $69.7B, Q4 revenue $17.6B (+7%). Adjusted EPS up 8% FY to $12.93; Q4 adjusted EPS $3.03 (+9%). Generative AI bookings hit $5.9B FY. Free cash flow $10.9B FY. GAAP operating margin down slightly; adjusted margin up 10 bps FY. CEO cites AI-driven growth. Full summary: www.perivis.com/note/f... $ACN.US

News Corporation (NWS) filed an 8-K on 9/25/25 confirming ongoing stock repurchases under its $1B authorized program for Class A and B shares. Daily buy-back details are reported to the ASX; no new program changes or financial impacts disclosed. Repurchases subject to market and regulatory conditions. Full summary: www.perivis.com/note/4... $NWSA.US

NRG Energy (NRG) priced $4.9B in senior secured and unsecured notes on Sept 24, 2025: $1.25B due 2034 at 5.75%, $2.4B due 2036 at 6.0%, $625M due 2030 at 4.734%, $625M due 2035 at 5.407%. Proceeds to fund Lightning Power acquisition and repay $500M notes maturing Dec 2025. Notes guaranteed by U.S. subsidiaries; offerings independent and for qualified institutional buyers only. Full summary: www.perivis.com/note/b... $NRG.US

AT&T Inc. (T) closed a $5B debt offering on Sept 24, 2025, issuing four tranches of Global Notes: $1.15B at 4.55% due 2032, $1.25B at 4.90% due 2035, $1.1B at 5.55% due 2045, and $1.5B at 5.70% due 2054. Notes issued under 2013 Indenture; no financial guidance or operational impact disclosed. Full summary: www.perivis.com/note/e... $T.US

Citigroup (C) agreed to sell 25% of Banamex to CHPAF Holdings for ~USD 2.3B, recording a USD 726M non-cash goodwill impairment. Closing expected H2 2026, subject to Mexican regulatory approval. Fernando Chico Pardo to become Banamex Board Chair. Transaction marks partial Banamex equity divestiture. Full summary: www.perivis.com/note/d... $C.US

KKR & Co. Inc. (KKR) appointed Craig Arnold, former Eaton CEO, to its Board and Audit Committee effective Sept 23, 2025, increasing Board size to 15 with 11 independents. No financial impact or changes to compensation beyond proration. Appointment approved by sole Series I preferred stockholder. Full summary: www.perivis.com/note/3... $KKR.US

Everest Group, Ltd. (ticker: EVRG) announced EVP and General Counsel Ricardo Anzaldua will retire in coming months. He joined June 2023 and led key corporate transactions. Company has begun successor search; Anzaldua to assist during transition. No financial impact or successor details disclosed. Full summary: www.perivis.com/note/6... $EG.US

Blackstone Inc. (BX) reports preliminary intra-quarter realization revenue exceeding $525M from July 1 to Sept 24, 2025, with over 90% from Realized Performance Revenues. This excludes activity after Sept 24 and full Q3 results. Full earnings to follow. Full summary: www.perivis.com/note/1... $BX.US

Raymond James Financial (RJF) reports August 2025 client assets under administration at $1.69T, up 10% YoY and 2% MoM; Private Client Group assets $1.63T (+10% YoY), fee-based accounts $979B (+14% YoY). Financial assets under management rose 12% YoY to $270B. No new earnings guidance provided. Data furnished under Reg FD. Full summary: www.perivis.com/note/0... $RJF.US

American Tower Corp (AMT) reached agreement with AT&T Mexico to receive majority of withheld tower rents tied to ~$300M 2024 revenue. Remaining disputed rents placed in escrow pending arbitration. Monthly payments to resume for most owed rents. Arbitration outcome may impact future cash flow. Full summary: www.perivis.com/note/2... $AMT.US

PG&E Corp (PCG) subsidiary Pacific Gas and Electric borrowed $500M term loan on 9/24/25, due 9/23/26. Interest: Term SOFR +1.25% or base rate +0.25%. Secured by first mortgage bond on most real/tangible property. Covenants include debt-to-capital ≤65%. Cross-default if other debt >$200M. Full summary: www.perivis.com/note/c... $PCG.US

T-Mobile US (TMUS) appointed Abdurazak Mudesir, CTO of Deutsche Telekom, to its Board of Directors effective Sept 19, 2025, as a Deutsche Telekom designee under the stockholders’ agreement. No financial impact disclosed. Full summary: www.perivis.com/note/2... $TMUS.US

Freeport-McMoRan (FCX) reports fatal mud rush at Grasberg mine on Sept 8, 2025: 2 dead, 5 missing. Mining suspended; Q3 copper sales down ~4%, gold ~6%. 2026 production expected ~35% below pre-incident forecast. Investigation ongoing, full production recovery targeted by 2027. Insurance coverage up to $1B; force majeure declared. Full summary: www.perivis.com/note/4... $FCX.US

RTX Corporation (RTX) reported a ransomware attack on its MUSE passenger processing software on Sept 19, 2025, causing some flight delays as customers use manual backups. RTX says no material financial or operational impact to date; investigation and remediation ongoing. Full summary: www.perivis.com/note/f... $RTX.US

Cintas Corp (CTAS) Q1 FY2026 revenue $2.72B (+8.7% YoY), net income $491.1M (+8.7%), EPS $1.20 (+9.1%). Raised FY26 guidance: revenue $11.06-$11.18B, EPS $4.74-$4.86. Share repurchases $347.4M YTD; dividend up 15.4%. Interest expense expected ~$97M due to senior notes refinancing. Full summary: www.perivis.com/note/0... $CTAS.US

NRG Energy (NRG) agreed to acquire ~19 GW of generation assets from LS Power affiliates, expected to add ~$1.6B to Adjusted EBITDA including $800M revenue enhancements within 18 months. Financing includes senior secured/unsecured notes and $778M Texas Energy Fund loans. Acquisition subject to closing conditions. Full summary: www.perivis.com/note/9... $NRG.US

Johnson Controls International plc (JCI) announced Nathan Manning will step down as VP and President, Americas, effective Oct 1, 2025. Todd Grabowski will succeed him on the same date. Manning will serve as special advisor through Dec 31, 2025, and receive severance per company policy. No financial impact disclosed. Full summary: www.perivis.com/note/0... $JCI.US

News Corporation (NWS) filed an 8-K reaffirming ongoing stock repurchase programs authorized up to $1B for Class A and B shares. Daily buy-back disclosures continue to the ASX per regulations. No new terms or financial impacts disclosed. Investors should monitor future repurchase activity. Full summary: www.perivis.com/note/a... $NWSA.US

Royal Caribbean Cruises Ltd. (RCL) entered an underwriting agreement to issue $1.5B of 5.375% senior notes due 2036, expected to close Oct 1, 2025. Proceeds will finance the Celebrity Xcel ship delivery and refinance existing debt. Agreement filed as Exhibit 1.1. Full summary: www.perivis.com/note/9... $RCL.US