UGI (UGI) said Wednesday its indirect subsidiary UGI International priced an offering of 300 million euros ($351.2 million) of 5.000% senior notes due 2031 to qualified institutional buyers.
The closing of the offering is expected on or about May 21, the company said.
UGI International intends to use the net proceeds to repay short-term borrowings and for general corporate purposes, according to a statement.
Price: $33.33, Change: $+0.33, Percent Change: +1.00%
Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) falling below the $80,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 1.4% in the past 24 hours. The Nasdaq 100 added 1.2%, the S&P 500 rose 0.8%, and the Dow Jones Industrial Average fell 0.1%.Bitcoin fell 1.5% to $79,499, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 6.1% to $33.76 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 1.2% to $2,255.XRP (XRP-USD) dropped 1.5%, BNB (BNB-USD) gained 1.3%, and Solana (SOL-USD) shed 4%. Dogecoin (DOGE-USD) rose 2.7%, and Cardano (ADA-USD) lost 3%.The US 10-year Treasury yield stood at 4.478% at 3 p.m. ET Wednesday, up from 4.462% Tuesday, while the five-year yield rose to 4.128% from 4.122%.The total market value of the cryptocurrency industry fell 1.3% in the past 24 hours to $2.66 trillion, with trading volume declining 1.4% to $161.06 billion.Price: $79541.45, Change: $-932.53, Percent Change: -1.16%
Netflix (NFLX) is expanding its ad-supported tier to 15 new countries, the Verge reported Wednesday.The new markets include Austria, Belgium, Colombia, Denmark, Indonesia, Ireland, the Netherlands, New Zealand, Norway, Peru, the Philippines, Poland, Sweden, Switzerland, and Thailand, the report said.Netflix is also testing a new tool that modifies the ads subscribers see based on their viewing patterns.Netflix did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $88.08, Change: $+0.42, Percent Change: +0.47%
Healthcare stocks rose late Wednesday afternoon, with the NYSE Healthcare Index adding 0.9% and the State Street Healthcare Select Sector SPDR ETF (XLV) increasing 0.7%.The iShares Biotechnology ETF (IBB) rose 0.3%.In corporate news, Corcept Therapeutics (CORT) shares climbed past 12% after UBS Securities upgraded the stock to buy from neutral and raised its price target to $72 per share from $44.