Viking prices, calendar builds; recent deals soften along with market; Wynn dives

By Paul Deckelman and Paul A. Harris

New York, Jan. 29 – No new junk bond deals were heard to have come to market during Monday’s session – but Viking Cruises Ltd. announced late Monday evening that it had, in fact, priced a scheduled $950 million two-part forward calendar offering, consisting of $675 million of 10-year senior secured notes and a $275 million add-on to its existing 2027 unsecured notes.

Syndicate sources said that there was considerable activity going on behind the scenes.

They said that high-tech firm Western Digital Corp. plans to sell $2.3 billion of eight-year notes.

Natural gas and natural gas liquids company Indigo Natural Resources LLC will sell $650 million of eight-year notes, while Dubai-based offshore jackup rig operator Shelf Drilling Holdings, Ltd. hit the road Monday to market a $550 million notes offering.

Gambling technology company Scientific Games Corp. plans to roll the dice on a three-part offering that includes a $500 million add-on to its existing 2025 notes, as well as new tranches of euro-denominated eight-year secured and unsecured notes.

Traders said Friday’s new issue from Hunt Cos. Inc. traded off on Monday.

They also saw easier levels on recent deals from T-Mobile USA, Inc., Meredith Corp., Noble Holding International, Ltd. and Aramark Services, Inc.

The dominant name in Junkbondland Monday was Wynn Las Vegas LLC. The gaming company’s notes swooned in the wake of sexual-abuse allegations against company founder and chief executive officer Steve Wynn, who has denied the charges.

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