Local crime, high school sports, county politics, events tonight, and business closings — the daily Northeast Ohio report from HERE Cleveland.
From Merger Monday
If you wanted to raise money this week, you could. If you wanted someone’s permission, good luck. Start with the money. Anthropic’s IPO book was covered several times within a day of launch, and its bankers are talking about raising the price. Alphabet went looking for about $3 billion in Hong…
From Merger Monday
Pizza Hut is borrowing against its franchise checks. The pizza chain is marketing about $1 billion of bonds backed by the royalties its restaurant owners pay, a first for the brand and a sign of how its new private-equity owner plans to finance the business. The deal is a whole-business securitization,…
From Merger Monday
EPR Properties turned to the convertible market to refinance debt coming due next month, selling $500 million of notes that give buyers a shot at its stock. The Kansas City real-estate investment trust, which owns theaters, ski resorts, water parks and other experiential properties, priced 4.5% convertible senior notes due February…
From the HERE City National Desk
Most adults hear that they should exercise more, but the federal guidance is more specific and more flexible than many people realize. The target is a weekly total, not a daily workout, and it can be built from short stretches of movement spread across the week. The weekly numbers Federal…
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