| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for KeHE Distributors, LLC > News item |
KeHE joins junk calendar; Tallgrass submerged; Acrisure stays up; Spirit tailspin continues
By Paul A. Harris and Abigail W. Adams
Portland, Me., Jan. 17 – While the dollar-denominated new issue market hit the snooze bar hard on Wednesday, the euro market turned out €1 billion of new junk bonds.
In the United States, though, KeHE Distributors, LLC started marketing a new deal and joined the calendar.
Meanwhile, it was a heavy day in the secondary space with a hotter-than-anticipated retail sales report sparking a risk-off sentiment in the market.
The cash bond market was off ¼ to 3/8 point on Wednesday as Treasury yields climbed double digits on the front end of the curve.
From recent issues, Tallgrass Energy Partners, LP/Tallgrass Energy Finance Corp.’s new 7 3/8% senior notes due 2029 (B1/BB-/BB-) fell below par on a heavy day for the market.
However, Acrisure, LLC/Acrisure Finance, Inc.’s 8¼% senior notes due 2029 (Caa2/CCC+) held on to the gains made on the break with the notes largely unchanged in heavy volume.
Outside of new and recent issues, Spirit Airlines Inc.’s 8% senior secured notes due 2025 (B2) continued their tailspin on Wednesday with the notes sinking another 8 to 9 points after their double-digit decline the previous session.
© 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.