Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Darling Ingredients Inc. > News item |
Darling Ingredients, Surgery Center price; MGM, Realogy trade up; Nexeo Plastics jumps
By Paul A. Harris and Abigail W. Adams
Portland, Me., March 28 – The domestic high-yield primary market remained active on Thursday with two new deals pricing.
Darling Ingredients Inc. priced a $500 million issue of eight-year senior notes (Ba3/BB+) at par to yield 5¼%.
Surgery Center Holdings, Inc. priced a $430 million issue of eight-year senior notes (Caa2/CCC) at par to yield 10%.
The European primary market was also active with Netherlands-based Leaseplan Corp. NV pricing €1.35 billion of five-year senior secured notes in two tranches.
Meanwhile, new paper was in focus in the secondary space.
MGM Resorts International’s 5½% senior notes due 2027 (existing ratings Ba3/BB-) and Realogy Group LLC’s 9 3/8% senior notes due 2027 (B2) were both seen well above their issue price in active trading in the secondary space.
While volume remained light, Nexeo Plastics’ recently priced 10 1/8% senior notes due 2026 jumped with the notes now almost 4 points above their issue price. PG&E Corp.’s 6.05% senior notes due 2034 continued to see gains in high-volume activity with the notes shooting up to 102 in intra-day trading.
© 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.