Capital structure

Elixxer Ltd. has settled approximately $6.9 million in debt by issuing over 83.9 million common shares. This significantly reduces the company’s liabilities but dilutes existing shareholders. AIP Convertible Private Debt Fund L.P. now holds approximately 84.28% of Elixxer, consolidating ownership. Certain insiders also received shares through related-party transactions. The move aims to strengthen the balance sheet and streamline future operations.

Murphy Oil Corporation has priced a $500 million offering of 6.500% Senior Notes due 2034. Proceeds will be used to redeem outstanding 5.875% notes due 2027 and 6.375% notes due 2028, repay borrowings under its revolving credit facility, and cover transaction fees and general corporate purposes. This move aims to optimize the company’s capital structure, reduce refinancing risk, and enhance financial flexibility.

Lumen Technologies upsizes its senior notes offering to $650 million, adding to its 2036 notes. The company plans to use the proceeds to repurchase existing second lien notes and for general corporate purposes. This move is part of Lumen’s strategy to optimize its debt structure, reduce interest expenses, and enhance financial flexibility for investments in its network infrastructure to support growing demand for bandwidth-intensive technologies.

words.TELUS Corp. announced that it has increased the maximum purchase amounts for its cash‑tender offers and will accept all notes tendered for five senior‑note series, totaling about C$1.44 billion. The accepted series include 3.95% (CAB), 4.10% (CAE), 4.40% (CU and CL), and 4.70% (CW) notes, while no tenders were received for the 2.85% (CAF) and 4.75% (CR) series. The financing condition was met through parallel CAD 800 million and US 1.5 billion junior subordinated note issuances, with settlement expected on Dec 16, 2025.

Thermo Fisher Scientific (NYSE: TMO) announced the pricing of a €2.1 billion euro-denominated notes offering via its finance subsidiary. The offering includes €1 billion in floating rate notes due 2027 and €1.1 billion in 3.628% fixed rate notes due 2035, both priced at 100%. Closing is expected around December 1, 2025, subject to conditions. Proceeds are intended for general corporate purposes, including potential acquisitions, debt management, and capital investments.

Coty Inc. announced the pricing of a $900 million offering of 5.600% Senior Notes due 2031, issued by Coty and its subsidiaries. The offering aims to optimize Coty’s capital structure, with proceeds used to redeem its 5.000% and a portion of its 3.875% senior secured notes due 2026. The notes’ security status fluctuates based on investment-grade ratings. The strategic move reduces debt and extends maturity, reflecting investor confidence. The offering is exclusive to qualified institutional buyers.

Edgewater Wireless (TSXV: YFI, OTC: KPIFF) reported Q1 FY2026 results, highlighting progress in Spectrum Slicing™ technology and securing $921,000 in non-dilutive funding. Key achievements include showcasing Spectrum Slicing, completing RF front-end packaging, and prototyping an AI subsystem. The company extended the maturity of convertible debentures to 2027 for enhanced financial flexibility. A net loss of $359,956 was reported with a working capital deficiency. Focus remains on commercializing Spectrum Slicing through silicon/IP licensing and securing partnerships, while addressing challenges in a competitive market.

On September 19, 2025, Five Point Holdings, LLC announced the expiration of its cash tender offer for its 10.500% Senior Notes due 2028. A significant $471.5 million (over 90%) was tendered. Five Point expects to accept all validly tendered notes by September 23 and pay on September 25, funded by a new $450 million offering of 8.000% Senior Notes due 2030 and cash reserves. The move aims to streamline capital structure and reduce interest expense, allowing for future development.

Truecaller (TRUBF) continues its share repurchase program, buying back 145,000 B shares in week 30, 2025, at an average price of 53.19 SEK. Since May 30, 2025, they’ve reacquired 400,000 shares (0.11% of outstanding capital). The program, authorized until the 2026 AGM, allows repurchasing up to 10% of outstanding shares. Truecaller now holds 4,345,332 B shares and 5,013,786 C-shares, representing 2.65% of outstanding capital, leaving 344,390,935 shares outstanding.