| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Groupe Ecore Holding SAS (Luxembourg) > News item |
Vantage Drilling, Avation add-on price; LifePoint lags; energy names in focus
By Paul A. Harris and Abigail W. Adams
Portland, Me., Nov. 15 – While volatility continued to roil markets with the energy sector under pressure, one oil and gas name saw a blue-ribbon execution on Thursday.
Vantage Drilling International brought a deal that came upsized, on an accelerated timeline, and priced at the tight end of price talk.
The offshore drilling contractor priced an upsized $350 million issue of five-year senior secured first-lien notes (Caa1/B) at par to yield 9¼%.
Avation plc priced a $50 million add-on to its 6½% senior notes due May 15, 2021 (B+/BB-) at 99.75 to yield 6.61% in a Thursday drive-by.
While the domestic primary market’s forward calendar remains light, Atlantica Yield is expected to price its $300 million offering of eight-year senior notes (BB/BB+) on Friday.
In the European market, Groupe Ecore Holding SAS (Luxembourg) priced its €255 million offering of five-year senior secured floating-rate notes (B/BB-).
Co-operative Group Ltd. wrapped up a roadshow for its £250 million offering of five-year fixed-rate green-eligible notes with pricing expected on Friday.
The energy sector remained the focus of secondary trading with California Resources Corp.’s 8% senior secured second-lien notes due December 2022 again among the most actively traded issues in the space.
© 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.