| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Shift4 Payments LLC > News item |
Ports America withdraws offering; Navistar in focus on acquisition; Shift4, United Natural trade strong
By Paul A. Harris and Abigail W. Adams
Portland, Me., Oct. 16 – The market's attention was focused on Ligado Networks LLC which was expected to price $3.85 billion of secured PIK notes in two bullet tranches on Friday.
However, no terms were available at press time.
Meanwhile, the secondary space was slightly firmer on Friday.
While recent deals were active and performing well in the aftermarket, Navistar International Corp.’s senior notes were in focus following news of the company’s acquisition.
While the company’s 9½% senior notes due 2025 were trading down on the news, Navistar’s 6 5/8% senior notes due 2025 gained in high-volume activity.
United Natural Foods Inc.’s 6¾% senior notes due 2028 (B3/CCC+) and Shift4 Payments, LLC’s 4 5/8% senior notes due 2026 (B2/B) continued to improve after both saw strong breaks the previous session.
Rolls-Royce plc’s 5¾% senior notes due 2027 (Ba3/BB-/BB+) remained active with the notes continuing to improve.
Canpack SA’s 3 1/8% senior notes due 2025 (Ba2/BB) were also making gains in active trading.
© 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.