| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Community Health Systems, Inc. > News item |
Bombardier, CHS, Carter’s, Summit Materials, Qorvo price; PG&E active but flat
By Paul A. Harris and Abigail W. Adams
Portland, Me., Feb. 28 – After silence for the majority of the week, the domestic high-yield primary market opened the flood gates and priced $4.66 billion over five drive-by deals on Thursday.
Bombardier Inc. priced an upsized $2 billion issue of 7 7/8% eight-year senior notes (Caa1/B-) at 99.246 to yield 8%.
Community Health Systems, Inc. priced $1.58 billion of 8% seven-year senior secured notes (Caa1/B-/B) at 98.683 to yield 8¼%.
Carter's, Inc. priced a $500 million issue of eight-year senior notes (Ba2/BB+) at par to yield 5 5/8%.
Summit Materials, Inc. priced a $300 million issue of eight-year senior notes (B3/BB) at par to yield 6½%.
Qorvo, Inc. priced an upsized $270 million add-on to its 5½% senior notes due July 15, 2026 (Ba1/BB+) at 101.5 to yield 5.175%.
CNX Resources Corp. planned to price a $500 million offering of eight-year senior notes (B3/BB-) but final terms were pending as of press time.
In the secondary space, while new paper from Bombardier was in the works, the company’s 8¾% senior notes due 2021 were active and making gains.
Pacific Gas & Electric Co.’s 6.05% senior notes due 2034 was among the most actively traded issues in the secondary space. However, the notes were largely trading flat despite more bad news for the struggling utility company.
© 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.