| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Acrisure, LLC > News item |
Jefferies, Jefferson price $1.3 billion; Air Canada in focus; Acrisure weak; Penn Virginia soft
By Paul A. Harris and Abigail W. Adams
Portland, Me., July 28 – A pair of high yield issuers priced single-tranche dollar-denominated deals to raise a combined total of $1.3 billion on Wednesday.
Both deals priced at the conclusions of brief roadshows.
Both came at par, in the middle of talk.
Jefferies Finance LLC and JFIN Co-Issuer Corp. priced a $1 billion issue of 5% seven-year senior notes (B1/BB-/BB+) and Jefferson Capital Holdings LLC priced $300 million of 6% five-year senior notes (Ba3//BB-).
Meantime dealers set the table for an active Thursday session.
Meanwhile, the secondary space was flat on Wednesday with the Federal Reserve’s announcement regarding its monetary policy a non-event, sources said.
New paper continued to dominate the tape.
Air Canada’s 3 7/8% senior secured notes due 2026 (Ba2/BB-/BB) were in focus. While the notes were trading at a premium to their issue price, they remained on a par-handle.
Acrisure LLC and Acrisure Finance Inc.’s 6% senior notes due 2029 (Caa2/CCC+) came in slightly during Wednesday’s session.
Penn Virginia Corp.’s 9¼% senior notes due 2026 (B/B) were soft in the aftermarket with the notes lagging their discounted issue price.
© 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.