Halvorsen agrees a $680m water metering sale that clears the March covenant test
The disposal arrives a month before management had told lenders to expect news. It removes the leverage question and leaves the 2029 refinancing exactly where it was.
Topic
leverage
Cumberland Vale Power files a large load tariff that makes datacentre tenants pay to leave
The filing asks for fifteen year minimum take commitments, collateral scaled to contracted demand, and an exit obligation that survives the customer walking away. Two neighbouring utilities have filings that look almost identical.
- CVPW
- MGRD
- US10Y−1.51%
Halvorsen Industrial's 2029 notes now price a restructuring management says is not coming
The pump and valve maker has liquidity into next summer and a leverage test in March. Its unsecured bonds are trading as though only the second of those facts matters.
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