Key facts: €208M Q3 free cash flow; €0.15 interim dividend approved

Sigma Lithium (SGML) priced $125M in senior unsecured convertible bonds due 2031, upsizing from $100M. The bonds have a 7% fixed coupon, replacing existing SOFR + 6.95% floating rate debt, extending maturity to 2031. The funds will refinance Synergy Capital debt.

Hyatt Hotels priced $400M in 5.950% senior notes due 2033 to repay existing debt and fund corporate needs. Freedom Broker raised its price target to $206 from $192, maintaining a Buy rating.

Oracle raised $20bn via equity and debt offerings to fund AI and cloud expansion. The $10bn stock sale priced 86.2m shares at $116 each, an 11.2% discount. The $10bn debt offering includes notes with 7%-8.65% interest rates. Proceeds will support general corporate purposes, including capex and potential acquisitions. Oracle expects net proceeds of ~$9.9bn from equity and ~$10bn from debt.

Schaeffler reported a slight decline in Q3 revenue (€5.81B) and operating profit (€245M), while announcing 3,460 job cuts in Europe. The restructuring aims to reduce costs and improve annual earnings by €300M by 2030. The company confirmed its 2026 guidance and expects to create jobs in growth areas.

Hyundai Motor Group (005380) is investing $68M in POSCO Future M's (003670) Vietnamese anode materials business to secure EV battery supply. The group aims to bring battery production in-house, focusing on synthetic graphite anode material. Hyundai has been investing in battery tech and supply chains, including a $9.5T 10-year plan and partnerships with LG Energy Solution (373220) and SK On.

EDF plans to redeem €850M of hybrid bonds issued in 2020 on 15 December 2026, their first early redemption date. The company did not provide prior-period comparisons or details on funding the redemption.