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Uber upsizes; Albertsons in focus; Intelsat gains; Hexion slump continues; L Brands active
By Paul A. Harris and Abigail W. Adams
Portland, Me., Oct. 16 – The primary market remained quiet on Tuesday with no new deals pricing during the session.
Uber Technologies Inc. upsized its two-part private placement and finalized price talk.
The deal is now anticipated to price on Thursday, although the notes are not expected to immediately trade.
Meanwhile, the secondary space was equally uneventful on Tuesday with little notable activity, sources said.
Albertsons Cos., Inc.’s junk bonds remained in focus on Tuesday and continued to see improvement on a positive second-quarter earnings report.
Intelsat Luxembourg SA and Intelsat Jackson Holdings SA’s junk bonds were also making gains in active trading as investors responded favorably to the company’s new business endeavors.
Hexion Inc.’s junk bonds remained under pressure on Tuesday with the notes continuing to trade down.
L Brands Inc.’s 5¼% senior notes due 2028 were active in the secondary space although largely unchanged on the day.
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