Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sinclair Broadcast Group, Inc. > News item |
Revived LeasePlan seen firmer; new First Data, Sinclair bonds up; funds gain $1.796 billion
By Paul Deckelman and Paul A. Harris
New York, March 10 The high-yield primary arena saw a new deal on Thursday that was actually an old deal, as Dutch vehicle leasing company LeasePlanCorp. NV which had shopped a dollar- and euro-denominated deal around back in February, only to shelve the transaction at that time due to market volatility opportunistically took its deal off the back burner and brought it front and center, including a $400 million tranche of five-year secured notes.
Traders quoted the new paper firmer.
Also on the upside among the new and recently priced issues were transaction processor First Data Corp.s add-on to its existing 2024 notes and television station owner Sinclair Broadcast Group, Inc.s 10-year paper, both of which had priced on Wednesday.
Away from those new or recent deals, copper miner First Quantum Minerals Ltd. rose on news of an asset sale.
Tailored Brands, Inc. the apparel retailer formerly known as Mens Wearhouse shot up as the company unveiled a turnaround plan that includes the closing of 250 stores.
Statistical market performance measures turned higher across the board on Thursday after having been mixed on Wednesday and lower on Tuesday. Before that, the indicators had shown eight consecutive stronger sessions.
Flows of investor cash into or out of high-yield mutual funds and exchange-traded funds considered a reliable barometer of overall junk market liquidity trends stayed strongly positive this week, posting their fourth consecutive advance as $1.796 billion more came into those weekly-reporting-only 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.