CenturyLink, Credit Acceptance, GLF Environmental, EnerSys, Icahn, Amsted Industries price

By Abigail W. Adams

Portland, Me., Dec. 9 – The domestic high-yield primary market was in full gear on Monday with six issuers pricing a cumulative $3.88 billion in seven tranches and the forward calendar growing.

Six of the seven deals to price during Monday’s session came as drive-bys; most came tight to talk; two upsized.

Opportunistic issuers were taking advantage of attractive market conditions before the year comes to a close, a market source said.

In drive-by action, Icahn Enterprises LP priced an upsized $750 million issue, CenturyLink, Inc. priced an upsized $1.25 billion issue, Amsted Industries Inc. priced a $400 million issue, GFL Environmental Inc. priced $775 million in two tranches, and Credit Acceptance Corp. priced a $400 million issue.

EnerSys Inc. also priced its $300 million offering of eight-year bullet notes.

However, two more issuers stepped forward to fill the void EnerSys left on the forward calendar.

Wyndham Destinations Inc. plans to price $300 million 10.5-year senior secured notes (Ba2/BB) on Tuesday.

And Korn Ferry began marketing a $400 million issue of eight-year senior notes (Ba3/BB) with pricing expected before the week comes to a close.

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