High-grade activity soars Wednesday with eight companies pricing

By Devika Patel

Knoxville, Tenn., March 6 – The investment-grade bond market stayed extremely busy throughout Wednesday, with eight new deals pricing.

Jefferson, La.-based energy provider Entergy Louisiana LLC issued $525 million of collateral trust mortgage bonds due April 1, 2050, and Denver oil and gas company Cimarex Energy Co. priced $500 million of 10-year 4.375% senior notes.

Luxembourg-based steel producer ArcelorMittal priced $750 million of seven-year 4.55% notes, and Denver-based Public Service Co. of Colorado, an electric and natural gas company, priced $400 million of 4.05% first mortgage bonds due Sept. 15, 2049.

Atlanta airline Delta Air Lines Inc. priced $500 million of 3.204% class AA series 2019-1AA pass-through certificates and 3.404% class A series 2019-1A pass-through certificates, and Omaha-based financing arm of Berkshire Hathaway Berkshire Hathaway Finance Corp. priced a $750 million add-on to its 4.25% senior notes due Jan. 15, 2049.

Charlotte, N.C.-based energy company Duke Energy Corp. priced $600 million of senior notes.

Round Rock, Texas-based technology company Dell Technologies Inc. subsidiaries Dell International LLC and EMC Corp. priced a $4.5 billion Rule 144A private offering of first lien notes.

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