Coty, Charles River price; McDermott widens talk; Tronox trades down; Tesla dominates

By Paul A. Harris and Abigail W. Adams

Portland, March 28 – The clock is ticking for the primary market to clear a cluttered pre-holiday calendar with $2.696 billion in four deals still in the works.

Dealers toiled Wednesday to work through a busy roadshow calendar of deals expected to clear the market ahead of the pre-holiday close.

Ply Gem Holdings Inc., Wyndham Hotels & Resorts, Inc. and W/S Packaging Holdings set price talk with Ply Gem and Wyndham scheduled to price on Thursday.

McDermott International Inc. downsized its offering of senior notes (B2/B-) to $1.3 billion from $1.5 billion and set price talk that was dramatically wider than initial guidance. The deal is also scheduled to price on Thursday.

While W/S Packaging was scheduled to price Wednesday, terms were not available by press time.

Charles River Laboratories International Inc. priced a $500 million issue of eight-year senior notes (B1/BB+) at par to yield 5½%.

Coty Inc. priced a downsized, revised $1.5 billion three tranche offering of senior notes (B2/BB) on Wednesday.

Boyne USA, Inc.’s 7¼% senior secured second-lien notes due 2025 (B2/B) continued to soar on Wednesday while Tronox Inc.’s 6½% senior notes due 2026 (B3/B-) were seen trading below their issue price.

While the new paper was active in Junkbondland, Tesla Inc.’s 5.3% senior notes due 2025 (Caa1) dominated trading

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