Leifras Announces Plan to Enter the Non

LEIFRAS Co., Ltd. (Nasdaq: LFS) said Itoshima City awarded it a contract to provide weekend junior high school club activity instruction, operations, and transition support for all six public junior high schools in Itoshima. The company cited Japan’s fiscal 2026 school club reform, estimating a JPY500 billion market and targeting 30.4% of weekend clubs to shift to local/private operators.

LEIFRAS Co., Ltd. (Nasdaq: LFS) said Kagawa Prefecture awarded it the FY2026 contract to act as comprehensive general coordinator for transitioning junior high school club activities to community-based operators across 17 municipalities. The project includes consulting, on-site assessments, and ongoing advisory support. Leifras cites a potential JPY500 billion market under Japan’s FY2026 school club reform.

First Phosphate Corp. (PHOS) may face reduced equity dilution after Noble Capital Markets noted potential lower funding needs for its Bégin-Lamarche project, supported by Swiss Export Risk Insurance (SERV) and other financing. SERV could provide up to US$212.5 million, reducing the equity requirement to about US$82.5 million. Noble maintains an Outperform rating and $25.50 price target.

Aon raised $13.75 billion in senior notes, guaranteed by its subsidiaries, with maturities from 2029 to 2056 and coupons ranging from 5.350% to 6.450%. The funds, approximately $13.4 billion after expenses, will support the USI Advantage Corp. acquisition and general corporate purposes. The notes include redemption protections tied to the deal's completion.

Burford Capital (BUR) priced $300M of 8% senior secured notes due 2029 to refinance $400M of 6.25% unsecured notes due 2028. The move aims to reduce debt and extend maturity, but increases borrowing costs and pledges collateral. Success depends on future cash collections and investment performance.

Agree Realty Corp (NYSE: ADC) announced a $400M bond offering at 5.650% coupon, maturing in 2036. Shares rose 0.03% to $68.16. ADC offers a 4.64% dividend yield but has a high payout ratio of 1.65. GuruFocus values ADC 14.1% undervalued with a GF Score of 87/100. Insiders and gurus show confidence with recent purchases.