| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sinclair Television Group Inc. > News item |
Teva, Houghton Mifflin, Sinclair, Kaiser Aluminum, Allegheny price; iHeart weakens
By Paul A. Harris and Abigail W. Adams
Portland, Me., Nov. 19 – For the second consecutive day the dollar-denominated primary market topped the $2.5 billion mark, as the high-yield new issue machine continued to crank on Tuesday.
Issuers raised $2.65 billion of proceeds by means of dollar-denominated issuance during the session.
The day's biggest issuer was Teva Pharmaceutical Industries, which priced approximately $2.1 billion equivalent of long five-year senior bullet notes (Ba2/BB) in two upsized tranches.
In drive-by action, Kaiser Aluminum Corp. priced a $500 million issue of senior notes due March 1, 2028 (Ba3/BB+), and Sinclair Television Group, Inc. priced $500 million of 10.25-year senior notes (B1/B).
Allegheny Technologies Inc. accelerated timing on a deal that was initially announced as Wednesday business and priced a $350 million issue of eight-year senior notes (B2/B).
And Houghton Mifflin Harcourt Publishers Inc. priced a downsized $306 million issue of 9% 5.25-year senior secured notes (B3/B/BB-) in a deal initially slated to price last Friday.
Teva’s new dollar-denominated notes dominated activity in the secondary space with the notes trading in a wide range.
iHeartCommunications, Inc.’s new 4¾% senior notes due 2027 (B1/BB-) weakened on Tuesday after a strong start out of the gate.
© 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.