| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Acrisure Finance, Inc. > News item |
Forward calendar balloons; PetSmart in focus, rips in secondary; Endurance Digital improves
By Paul A. Harris and Abigail W. Adams
Portland, Me., Feb. 1 – While no deals cleared the domestic high-yield primary market on Monday, there was a substantial buildup in the calendar with $2.66 billion of deals being marketed.
Clear Channel Outdoor Holdings, Inc.’s $1 billion offering of seven-year senior notes (Caa2/CCC) was among them with the deal heard to be heavily oversubscribed.
Meanwhile, the secondary space firmed on Monday with the overall space well bid despite the softness the previous week.
PetSmart LLC and PetSmart Finance Corp.’s two tranches of senior notes were in focus in the secondary space with both tranches rocketing above their issue prices.
Acrisure, LLC and Acrisure Finance Inc.’s 4¼% senior secured notes due 2029 (B2/B) continued to trade with a slight premium in the secondary space.
Several recent deals that struggled amid the softness in the aftermarket last week improved on Monday.
After closing out the previous week on a 98-handle, Endure Digital Inc.’s 6% senior notes due 2029 (Caa2/CCC+) improved although the notes remained below their issue price.
© 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.