Capital Markets

Sixty Degree Capital Portfolio Delivers Record SpaceX, Biotech IPOs in 2026

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Sixty Degree Capital Portfolio Delivers Record SpaceX, Biotech IPOs in 2026

Toronto – September 28, 2026 -- Sixty Degree Capital (SDC) saw five portfolio companies complete initial public offerings in 2026, including the largest IPO in history and the largest biotech IPO on record. SpaceX, Parabilis Medicines, Cerebras, HawkEye 360 and Lime each began trading on U.S. exchanges between May and July, while GrubMarket has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission.

SpaceX offering reaches approximately US$75 billion, the largest IPO ever recorded

SpaceX's public listing totaled roughly US$75 billion, according to the Toronto-based venture capital firm, marking the largest IPO in history. The offering anchors a wave of 2026 public-market exits across SDC's technology and healthcare portfolio.

Ericsson's Treasury Stock Hits 108.5 Million Shares After Buyback Week

Stockholm – September 28, 2026 -- Telefonaktiebolaget LM Ericsson repurchased Class B shares on Nasdaq Stockholm during the week of September 21-25, 2026, lifting its total treasury stock holding to 108,518,663 Class B shares.

Ericsson advances SEK 15 billion buyback program launched in April 2026

The latest repurchases form part of Ericsson's share buyback program of up to SEK 15,000,000,000, announced on April 16, 2026. The program runs from April 23, 2026, through March 31, 2027, at the latest, and is being executed on Ericsson's behalf by Goldman Sachs Bank Europe SE.

Board plans to propose cancellation of repurchased shares at 2027 AGM

Ericsson's Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares be cancelled, with the exception of those retained to fulfil obligations under the company's share-related incentive programs.

Sabre Financial Secures 90% Tender for Debt, Sets Redemption

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Sabre Financial Secures 90% Tender for Debt, Sets Redemption

Southlake, Texas – September 26, 2026 -- Sabre Corporation (Nasdaq: SABR) disclosed that its indirect subsidiary, Sabre Financial Borrower, LLC, has secured tenders exceeding 90% of the aggregate principal amount outstanding on its targeted securities as of the September 26, 2026 early tender deadline, clearing the threshold required to force redemption of the remaining debt.

Over 90% acceptance triggers mandatory redemption of holdout bonds

Because more than 90% of the outstanding principal was validly tendered under the terms of the Indenture, Sabre Financial intends to issue a notice of redemption covering any securities that remain outstanding after the early settlement. The redemption price will match the Total Consideration offered in the tender, plus accrued and unpaid interest, with the redemption date expected on September 26, 2026.

Babylist Opens 20,000-Sq-Ft NYC Showroom; Hyliion Dual-Lists on NYSE Texas

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Babylist Opens 20,000-Sq-Ft NYC Showroom; Hyliion Dual-Lists on NYSE Texas

New York City – September 25, 2026 -- Babylist opened a 20,000-square-foot showroom in New York City, featuring dedicated stroller test tracks, a Volvo vehicle for hands-on car seat installation practice, and a 600-square-foot model apartment where parents can test how baby gear fits into real living spaces.

Babylist targets the full early-parenting journey with an experiential retail format

The company said the showroom was built to let expecting and new parents interact with products across the entire early parenting journey rather than browse static displays. Chief Marketing and Experience Officer Jill Cress discussed the New York City site selection during an appearance on NYSE Live.

OpenText Cuts Bond Tender Cap to $300M, Extends Deadline

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OpenText Cuts Bond Tender Cap to $300M, Extends Deadline

Waterloo, ON – September 25, 2026 -- OpenText Corporation (NASDAQ: OTEX; TSX: OTEX) has slashed the ceiling on its cash tender offer for outstanding 3.875% Senior Notes due 2028 to $300 million from $450 million, while pushing back key deadlines by one day.

OpenText lowers aggregate maximum tender amount by $150 million

The amended terms cut the Aggregate Maximum Tender Amount for the Bonds from $450 million to $300 million aggregate principal amount, according to the company's announcement modifying the Offer to Purchase dated September 23, 2026.

SciBase Rights Issue Fully Covered as Bergs Securities Confirms SEK 24.2M Guarantee

Stockholm – September 25, 2026 -- SciBase Holding AB's SEK 57.5 million rights issue is now fully covered after Bergs Securities AB confirmed a binding guarantee commitment of approximately SEK 24.2 million, equal to 42 percent of the offering.

Guarantee commitment converts letter of intent into binding coverage

Bergs Securities fulfilled on September 25, 2026, a guarantee intention it first announced on September 3, 2026, by delivering a formal guarantee confirmation to SciBase. The firm has backed the commitment with sub-guarantee agreements from a consortium of investors covering the full guaranteed amount.

Sabre Caps Debt Tender at $250M, Prorates 2029 Notes at 84%

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Sabre Caps Debt Tender at $250M, Prorates 2029 Notes at 84%

Southlake, Texas – September 25, 2026 -- Sabre GLBL Inc., the wholly-owned subsidiary of Sabre Corporation (Nasdaq: SABR), has capped its cash tender offer at a $250 million aggregate purchase price, triggering a proration of its 10.750% Senior Secured Notes due 2029 at approximately 84.0%.

Tender offers expired September 25, 2026 with the $250 million ceiling exceeded

The tender offers closed at 5:00 p.m. New York City time on September 25, 2026, according to information supplied to D.F. King & Co., Inc., the tender and information agent. Because the aggregate purchase price of validly tendered 10.750% Notes due 2029 alone exceeded the $250 million cap, no 10.750% Senior Secured Notes due 2030 or 11.125% Senior Secured Notes due 2030 will be accepted for purchase.

JLL Secures $406M CMBS Loan for Dallas' Trammell Crow Center

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JLL Secures $406M CMBS Loan for Dallas' Trammell Crow Center

Dallas – September 25, 2026 -- JLL's Capital Markets group has arranged $406 million in financing for Trammell Crow Center, a 1,226,825-square-foot trophy office tower in Dallas' Arts District, on behalf of owner Regent Properties, LLC.

Wells Fargo and Morgan Stanley fund a five-year fixed-rate loan for the 50-story tower

The single-asset single-borrower (SASB) loan was secured through Wells Fargo and Morgan Stanley. The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Greg Napper alongside Associates Jordan Buck and Rett Daugbjerg.

Trophy tower sits 92% leased to Goldman Sachs, Baker & Botts and Vinson & Elkins

Trammell Crow Center occupies a 2.2-acre site at the confluence of Dallas' most important districts. Tenants include Goldman Sachs, Baker & Botts LLP, Vinson & Elkins LLP, Orix and Prudential.

MIAX FCM Dorman Trading Joins OCC, Adds $40M in Capital

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MIAX FCM Dorman Trading Joins OCC, Adds $40M in Capital

Miami – – September 25, 2026 -- Miami International Holdings, Inc. (MIAX) announced that its futures commission merchant, Dorman Trading, has become a clearing member of The Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization.

MIAX injects $40 million into its FCM, lifting adjusted net capital to $68 million

The capital increase, effective as of September 25, 2026, raises Dorman Trading's adjusted net capital to approximately $68 million. MIAX said the additional funding is intended to accelerate the FCM's growth strategy and expand its capacity to serve a broader client base.

Artemis Growth Partners Names Ex-JPMorgan Credit Chief as Advisory Director

London – September 24, 2026 -- Artemis Growth Partners, a global investment firm specializing in regulated medical cannabis and emergent medicinal therapeutics, has appointed James Hayward as Advisory Director following his 35-year career at JPMorgan.

Hayward built JPMorgan's European hedge fund credit franchise over three decades

Hayward founded and led JPMorgan's European hedge fund credit business, working across leveraged finance, high yield, credit derivatives and distressed markets. He will now advise Artemis on capital formation, business development, LP relationships and strategic financing across its global platform, working alongside Co-Founder and CIO William Muecke and Managing Partner E. Stanton McLean.