Downsized Eclipse Resources prices to cap $2.9 billion week; new Hologic, Tribune issues busy

By Paul Deckelman

New York, June 19 – The high-yield primary sphere closed out the week on Friday with a single pricing, as Eclipse Resources Corp. priced a downsized $550 million of eight-year notes. Traders said the company’s new bonds firmed modestly from the deeply discounted levels at which they had come to market.

Traders meantime also saw a considerable amount of trading in some of the bonds that priced earlier in the week.

Hologic, Inc.’s notes eased slightly from the post-pricing levels hit on Thursday, but still held most of their gains.

Wednesday’s issue from Tribune Media Co. was also active, adding to the gains racked up after pricing.

Away from the already-priced deals, primaryside players saw several prospective issues joining the forward calendar.

Endo International plc was heard getting ready to hit the road to market a $1,435,000,000 bond issue, starting on Monday.

They also saw Globo plc shopping a $180 million issue of five-year senior secured notes around to potential investors.

Statistical measures of market performance were mixed after having been higher across the board on Thursday – the third mixed session in the last four trading days.

The indicators were also mixed on the week versus where they had finished out the previous Friday – the first such mixed week after two straight weeks on the downside.

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