Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Starwood Property Trust, Inc. > News item |
Junk: Aston Martin, Starwood price; Beazer holds gains; Citrix mixed post-earnings
By Paul A. Harris and Abigail W. Adams
Portland, Me., March 13 – In the Wednesday junk bond primary session two issuers, each bringing a single dollar-denominated tranche of junk, raised $1.56 billion.
Aston Martin Lagonda Global Holdings plc and Starwood Property Trust, Inc. both used favorable market conditions to upsize their offerings.
Meanwhile, it was another quiet and flat day in the secondary space with little to move the needle in markets.
Beazer Homes USA, Inc.’s new 7½% senior notes due 2031 (B1/B+) held on to the strong gains made on the break with the small issue size supporting the notes’ solid aftermarket performance.
Xerox Holdings Corp.’s recently priced 8 7/8% senior guaranteed notes due 2029 (B1/BB) shrugged off recent weakness with the notes improved in active trade.
Outside of new and recent issues, Citrix Systems Inc.’s senior notes were in focus with the notes mixed post-earnings.
While Cloud Software Group Holdings Inc.’s (Citrix) 9% second-lien notes due 2029 (Caa2/B-) improved, Citrix Systems Inc./Tibco Software Inc.’s 6½% senior secured first-lien notes due 2029 (B2/B) were unchanged.
© 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.