MidCap prices; forward calendar grows; At Home weakens; Kantar holds premium

By Paul A. Harris and Abigail W. Adams

Portland, Me., June 28 – The domestic high-yield primary market saw one deal price during Monday’s session.

However, the several more joined the forward calendar.

MidCap Financial priced a $400 million issue of long eight-year notes in a Monday drive-by.

Vivint Smart Home Inc., Elastic NV, and Everi Holdings announced new offerings.

SoftBank also mandated banks ahead of a contemplated benchmark offering of senior notes.

Meanwhile, it was a quiet day in the secondary space with the market continuing to grind sideways as credit spreads remain near all-time tights.

New and recent deals continued to dominate the tape although with little movement in price.

Kantar Summer Bidco B LLC’s 5½% senior secured notes due 2026 (B2/B-) remained active with the notes holding onto the large premium reached after breaking for trade.

However, Ambience Merger Sub, Inc.’s (At Home Group Inc.) unsecured tranche was coming in from the heights reached in its initial days in the aftermarket.

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