Clarivate prices inside talk; FXI and American Builders active; WeWork up; Tesla gains

By Paul A. Harris and James McCandless

Portland, Ore., Oct. 25 – As the high-yield market slows down during the third-quarter earnings season, Friday saw an expected issue price and the active deal calendar thin.

Clarivate Analytics plc (Camelot Finance SA), expected during the session, priced at par to yield 4½%.

Blackboard Inc. failed to priced its anticipated issue by week end and the deal will carry over into next week.

New issuance from FXI Holdings, Inc. and American Builders & Contractors Supply Co., Inc. were in the forefront of trading.

Meanwhile, WeWork Cos. Inc.’s paper fared better as details of its rescue financing package from SoftBank are released.

Auto name Tesla, Inc.’s notes pushed upward in the wake of third-quarter earnings.

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