Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for McGraw-Hill Education Inc. > News item |
Performance Food, VMED price; forward calendar grows; Seaspan, Masonite, Jaguar in focus
By Paul A. Harris and Abigail W. Adams
Portland, Me., July 12 – The high-yield new-deal machines on both sides of the Atlantic roared into mid-July with multiple deal announcements in New York and London on Monday.
McGraw-Hill Education, Inc. came with the highest profile announcement, $2.025 billion of junk in two tranches.
Two issuers priced $1.55 billion face amount of paper in Monday drive-bys.
Performance Food Group priced an upsized $1 billion issue.
VMED O2 UK Financing I plc priced a $550 million green-bond add-on.
Meanwhile, it was a quiet day in the secondary space with the market unchanged amid light volume.
With the primary market returning to action, new paper once again dominated the tape.
Seaspan Corp.’s 5½% senior notes due 2029 remained in focus with the notes continuing to trade with the large premium reached after breaking for trade.
Masonite International Corp.’s 3½% senior notes due 2030 (Ba1/BB+) and Jaguar Land Rover Automotive plc’s 5½% senior notes due 2029 (B1/B) were also active with the notes holding their premiums.
© 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.