Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Organon > News item |
Organon, Century Aluminum on tap; Ingram Micro at a premium; Weight Watchers, Certera flat
By Paul A. Harris and Abigail W. Adams
Portland, Me., April 5 – Activity in the domestic high-yield primary market was muted on Monday with European markets closed for Easter Monday.
While no deals priced on Monday, the forward calendar ballooned with Organon joining with a $4.5 billion equivalent three-tranche offering and Century Aluminum announcing a $250 million offering of seven-year secured notes.
Meanwhile, it was a strong day in the secondary space although volume was light.
Ingram Micro Inc.’s 4¾% senior secured notes due 2029 (B1/BB-) were trading with a healthy premium in the aftermarket.
However, WW International, Inc.’s 4½% senior secured notes due 2029 (Ba3/BB-) and Cetera Financial Group’s 7½% senior notes due 2029 (Caa2/CCC) fell flat.
Meanwhile, outside of recent issues, PetSmart LLC’s 7¾% senior notes due 2029 (Caa1/CCC+) continued to grind higher in active trading, solidifying their ranks as the best performing deal of the year
© 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.