Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for LABL Inc. > News item |
BlueLinx prices; forward calendar grows; Sonic Automotive, Aggreko at a premium; At Home sinks
By Paul A. Harris and Abigail W. Adams
Portland, Me., Oct. 18 – The domestic high-yield primary market saw one issue price during Monday’s session with several others joining the forward calendar.
BlueLinx Holdings Inc. priced a $300 million issue of eight-year senior secured notes (B1/B+) at a discount.
Polynt-Reichhold is expected to price a €1.3 billion equivalent three-part offering of senior secured notes (B1/BB-) during Tuesday’s session.
And LABL, Inc. and LifeScan Global Corp. started roadshows for two-part offerings.
Meanwhile, the secondary space was largely unchanged on Monday with market players eyeing the 10-year Treasury yield and earnings for indications of the future direction of the market.
New and recent issues continued to dominate the tape with the majority trading at a premium to their issue price.
Albion HoldCo Ltd.’s (Aggreko plc) dollar-denominated tranches were putting in a solid performance with the secured notes outperforming their unsecured, higher-coupon counterpart.
Sonic Automotive, Inc.’s two tranches of senior notes (B1/BB-/BB) were in focus and trading on a par handle.
Outside of recent issues, Ambience Merger Sub, Inc.’s (At Home Group, Inc.) 7 1/8% senior notes due 2029 (Caa1/CCC+) were under pressure with the notes falling further below par.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.