Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tesla Inc. > News item |
EnLink, NGL price; Euro deals trade up; Weatherford tanks; Tesla drops
By Paul A. Harris and Abigail W. Adams
Portland, Me., April 4 – The domestic high-yield primary market was active on Thursday with two deals pricing.
EnLink Midstream, LLC priced a $500 million issue of senior bullet notes due June 1, 2029 (Ba1/BB+/BBB-) at par to yield 5 3/8% in a Thursday drive-by.
NGL Energy Partners LP priced a $450 million issue of seven-year senior notes (B2/B+/B) at par to yield 7˝% on Thursday.
However, all eyes will be on Friday’s session when news is expected to surface on Staples, Inc.’s $2,125,000,000 two-part deal.
Ensign Drilling Inc. may also price its $700 million offering of five-year senior notes (B2/BB-) on Friday.
Otto Group priced a €250 million issue of non-rated seven-year “sustainable” senior bullet notes at par to yield 2 5/8% in the European market.
In the secondary, Weatherford International plc’s 5 1/8% senior notes due Sept. 15, 2020 tanked in active trading on Thursday as the notes approach their maturity.
Tesla Inc.’s 5.3% senior notes due 2025 also dropped in high-volume activity due to disappointing first-quarter delivery numbers.
© 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.