Strive just raised $630M at 16.7% effective.
That’s CCC junk yield but perpetual, junior, non-callable.
CCC cost without CCC maturity.
Strive announces upsized IPO of $SATS to $700M notional, priced at $90 per share.
We'll discuss the details in depth on the next @HurdleRatePod, which will be released when the IPO settles next Tuesday.
Oct 16, 2026 · 3:10 AM UTC
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