Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Vallourec SA > News item |
Vallourec resumes climb; Six Flags active; United Natural under pressure
By Paul A. Harris and Abigail W. Adams
Portland, Me., April 22 – It was a quiet day for the domestic high-yield primary market on Monday with Europe once again stealing the show with one euro-denominated deal pricing.
Iliad SA priced a €500 million offering of seven-year senior notes at par to yield 5 3/8% on Monday.
However, two more deals joined the forward calendar including Helios Software Holdings, Inc. and ION Corporate Solutions Finance Sarl’s €730 million equivalent offering of dollar- and euro-denominated five-year senior secured notes and Mahle GmbH in the market with a €400 million offering of seven-year senior notes (Ba2/BB).
Meanwhile, it was a quiet day in the secondary space on Monday with the activity surrounding the onslaught of issuance from the previous week diminishing.
While quiet, the secondary space continued to firm with the cash bond market up ¼ point on a flat day for Treasuries and on the absence of negative news.
While most deals to price the previous week appeared tucked away, Vallourec SA’s 7½% senior notes due 2032 (Ba2/BB+/BB+) continued to march higher in active trade.
Six Flags Entertainment Corp. and Six Flags Theme Parks Inc.’s 6 5/8% senior secured notes due 2032 (Ba2/BB) also remained active although with little movement in price.
Outside of recent issues, United Natural Foods Inc.’s 6¾% senior notes due 2028 (B2/B-) were under pressure in active trade after the company announced the closure of a slate of distribution facilities as it markets a new term loan.
© 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.