Cheniere prices split-rated Sabine, Landry’s on tap; Ziggo busy, Community Health gyrates

By Paul Deckelman and Paul A. Harris

New York, Sept. 19 – The high yield primary opened the new week on Monday with just one pricing, as liquid natural gas company Cheniere Energy Partners, LLC came to market with a split-rated and upsized $1.5 billion secured issue via its Sabine Pass Liquefaction, LLC subsidiary.

Back among the purely junk-rated names, new-deal players meantime awaited restaurant, gaming and lodging company Landry’s, Inc.’s expected Tuesday pricing of its upsized $600 million of eight-year notes.

And several new deals were heard to be hitting the road for marketing to potential investors – JDA Software Group Inc., AMN Healthcare, Inc. and Confie Seuguros Holding II Co. in the dollar-denominated market, plus Groupe Fnac, MCS Groupe and eDreams Odigeo in the euro-denominated space.

Among recently priced issues, Friday’s two-part offering from Dutch telecommunications and cable operator Ziggo Holding BV was actively traded and slightly easier on the day, with notable activity also seen in last week’s offerings from Camelot Finance SA and Acelity LP Inc.

Outside of the new-deal realm, Community Health Systems, Inc.’s bonds were seen bouncing around in busy trading, with its 2022 notes getting hammered but several other issues rising, after the big hospital operator confirmed Friday’s press reports that it had had hired financial advisers and was exploring its options, which could include the sale of part or all of the company – but said that talks were only in the preliminary stages.

© 2015 Prospect News.
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