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Published on 11/7/2019 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily, Prospect News Investment Grade Daily and Prospect News Private Placement Daily.

LPL Holdings, Albertsons price; Ardagh gives back; CommScope gains, PartyCity tanks

By Paul A. Harris and Abigail W. Adams

Portland, Me., Nov. 7 – The dollar-denominated high-yield primary market continued to actively turn out new paper on Thursday.

Albertsons priced an upsized $750 million issue of senior guaranteed notes.

LPL Financial Holdings Inc. priced a $400 million issue of eight-year senior notes.

The European primary market was also active with Quatrim SAS pricing an upsized €800 million issue of 4.25-year senior secured notes (B1/B+) and Owens-Illinois Group, Inc. pricing an upsized €500 million issue of 5.25-year senior green notes (Ba3/BB-).

Meanwhile, in the secondary space Ardagh’s recently priced 6½% senior secured toggle notes due 2027 were active with the notes giving back some of their gains.

CommScope Inc.’s junk bonds jumped in active trading following its third-quarter earnings report.

However, Party City Holdings Inc.’s junk bonds tanked after its earnings report with both of the party store chain’s tranches dropping double digits.


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