Analog Devices plans notes; Zimmer, Sysco, Apollo, Edison International, Arbor price

By Devika Patel

Knoxville, Tenn., March 8 – Thursday brought several primary deals to the investment-grade bond market, with three new deals announced and five deals pricing.

Among the new offerings, Analog Devices, Inc., a Norwood, Mass., maker of circuits for electronic equipment, announced plans to sell senior notes in two tranches.

Meanwhile, Transcontinental Gas Pipe Line Co. LLC, a Tulsa, Okla., interstate natural gas transmission company, said it planned to price senior notes in two tranches, and Scottsdale, Ariz., real estate investment trust Store Capital Corp. expects to price fixed-rate senior notes due 2028.

Also, Zimmer Biomet Holdings, Inc., a Warsaw, Ind., producer of orthopedic reconstructive products, priced fixed-rate and floating-rate notes in two tranches.

Meanwhile, Houston-based food service marketing and distribution company Sysco Corp. priced a combined $1 billion of seven and 30-year senior notes.

New York-based alternative investment manager Apollo Management Holdings, LP priced $300 million of 5% 30-year senior notes, and Uniondale, N.Y.-based real estate investment trust Arbor Realty Trust Inc. sold $100 million of 5.625% five-year senior notes.

In addition, Edison International Inc., the Rosemead, Calif., energy company, priced $400 million of 4.125% 10-year senior notes.

Issuance continued with a new deal from Ottawa-based Canadian government-owned export credit agency Export Development Canada, which priced $1 billion of 2.75% five-year United States Dollar Bonds.

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