Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Darling Ingredients Inc. > News item |
New paper in focus; Darling Ingredients, Surgery Center trade up; MGM, Realogy gain
By Paul A. Harris and Abigail W. Adams
Portland, Me., March 29 – The domestic high-yield primary market was dormant on Friday with the active forward calendar cleared.
However, sources anticipate Staples, Inc. will surface with its $2,125,000,000 two-tranche offering in the week ahead.
E.W. Scripps and Multi-Color Corp. are also expected to surface with deals in the near-to-intermediate future, sources say.
While the domestic primary market was quiet, the Nordic market saw some action.
Sweden's DDM Holding AG set price talk for its €100 million offering of three-year senior secured floating-rate notes with pricing expected on Monday.
Meanwhile, the secondary space rounded out the week and the quarter on firm footing, despite periods of softness.
Darling Ingredients Inc.’s 5¼% senior notes due 2027 (Ba3/BB+) and Surgery Center Holdings, Inc.’s 10% senior notes due 2027 (Caa2/CCC) put in a strong performance in the secondary space with the notes trading well above their issue price.
MGM Resorts International’s 5½% senior notes due 2027 (existing ratings Ba3/BB-) continued to post gains in high-volume trading.
Realogy Group LLC’s 9 3/8% senior notes due 2027 (B2) also continued to climb after a strong start in the secondary space.
© 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.