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Published on 7/25/2018 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily, Prospect News Investment Grade Daily and Prospect News Private Placement Daily.

Rite Aid’s senior notes dip; IHS Markit active but level; HCA Healthcare improves

By James McCandless and Paul A. Harris

San Antonio, July 25 – The primary market saw no new deals price in Junkbondland Wednesday, while the secondary market continued to see robust trading at the beginning of earnings season.

A modest number of dollar-denominated deals are expected to price before the coming weekend, including Party City Holdings Inc.’s. $500 million offering of eight-year senior notes (B1/B-), talked to yield in the 6¾% area.

In the secondary market, Rite Aid Corp.’s 7.7% senior notes fell as the company attempts to justify a merger with Albertsons to shareholders.

IHS Markit Ltd.’s senior notes remained a fixture in secondary trading.

HCA Healthcare, Inc.’s 5.5% senior notes due 2047 improved after the company beat Q2 earnings estimates.

Intelsat SA notes ended mixed.


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