Southeastern Grocers prices; Jaguar on tap; energy sector gains; AMN at a premium

By Paul A. Harris and Abigail W. Adams

Portland, Me., Oct. 6 – The domestic high-yield primary market continued to see a slowdown in activity on Tuesday with one small deal clearing the market.

Southeastern Grocers priced a $325 million issue of eight-year senior secured notes (B2/B+).

However, the forward calendar continued to grow with $4 billion expected to price before the week draws to a close.

Jaguar Land Rover Automotive plc was one of the issuers that joined the forward calendar on Tuesday after previously withdrawing a planned offering in February.

Meanwhile, the secondary space held relatively firm on Tuesday in the face of a dramatic sell-off in the equity markets.

Tuesday was a strong day for the energy sector, though, with Occidental Petroleum Corp.’s senior notes among the major gainers of the session due to supply line disruptions caused by Hurricane Delta.

While volume in the small issue was relatively light, AMN Healthcare’s recently priced 4% senior notes due 2029 (Ba3/BB-) were trading with a healthy premium in the aftermarket.

Charter Communications Inc.’s capital structure was active with the market expecting positive third-quarter earnings from the telecommunications company.

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