Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Levi Strauss & Co. > News item |
Viacom sub notes, CDW price; iHeart up on results, debt plan; funds gain $726 million
By Paul Deckelman and Paul A. Harris
New York, Feb. 23– Junkbondland saw a pair of new deals get done on Thursday totaling $1.9 billion of new U.S. dollar-denominated and fully junk-rated paper spread across three tranches, according to syndicate sources.
Media giant Viacom Inc. brought a $1.3 billion two-part issue of junior subordinated fixed-to-floating-rate notes, split into equally-sized $650 million tranches of non-call-five- and non-call-10-year paper.
Technology solutions provider CDW Corp. meantime did a more conventional upsized $600 million issue of eight-year senior notes.
Two U.S.-based companies tapped the euro-denominated market on Thursday with upsized issues – healthcare data services provider Quintiles IMS Holdings, Inc. with an eight-year transaction and iconic apparel maker Levi Strauss & Co. with a 10-year offering.
Away from the new deals, broadcaster iHeartCommunications, Inc.’s paper was mostly better after parent company iHeartMedia, Inc. released its quarterly results. The company also said in a filing that it was considering restructuring its debt to avoid bankruptcy.
Statistical market performance measures turned mixed on Thursday after being higher across the board on Tuesday and again on Wednesday.
Another numerical indicator – flows of investor cash into or out of high-yield mutual funds and exchange-traded funds– was in positive territory for a fourth consecutive reporting week as $726 million more came into weekly reporting domestic funds than left them during the week ended Wednesday.
© 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.