| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Cooke Aquaculture, Inc. > News item |
SeaWorld sells junk bonds; AdaptHealth, Wolverine, Eldorado move up; Stagwell, Carvana flat
By Paul A. Harris and Abigail W. Adams
Portland, Me., Aug. 13 – The domestic high-yield primary market closed out a high-volume week with one downsized offering clearing the market.
SeaWorld Entertainment, Inc. priced a downsized $725 million issue of eight-year senior notes (Caa1/B-), closing out a $13 billion week.
There remains a modest calendar for the week ahead with Cooke Aquaculture, Sylvamo Corp., and MultiPlan Inc. expected to price deals.
Meanwhile, it was a quiet end to a subdued week in the secondary space with the market unchanged amid light trading volume.
New deals continued to dominate the tape with mixed trajectories.
While the notes struggled during bookbuilding, Eldorado Gold Corp.’s 6¼% senior notes due 2029 (B3/BB-/B+) had a strong reception in the aftermarket with the notes trading up to a 101-handle.
While AdaptHealth LLC’s 5 1/8% senior notes due 2030 (B1/B) were coming in from the heights reached in intraday activity, they stood poised to close the day with a solid premium.
Wolverine World Wide, Inc.’s 4% senior notes due 2029 (Ba2/BB) also moved higher in the aftermarket.
However, Carvana Co.’s 4 7/8% senior notes due 2029 (existing ratings Caa2/CCC+) and Stagwell Inc.’s 5 5/8% senior notes due 2029 largely fell flat in the aftermarket.
© 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.