Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Carnival Corp. > News item |
Avis, Simmons Foods price; KAR Auction down post-earnings; Northern Oil sell-off accelerates
By Paul A. Harris and Abigail W. Adams
Portland, Ore., Feb. 17 – The high yield drive-through window reopened on Wednesday as two issuers well known to the market saw tight executions with deals that played to big books.
Simmons Foods Inc. and Avis Budget Car Rental, LLC both completed deals over the day.
Meanwhile, the secondary space was largely unchanged on Wednesday although volume was relatively light amid a slowdown in the forward calendar.
Recent issues and earnings-related news were the main drivers of trading activity on Wednesday.
Carnival Corp.’s 5¾% senior notes due 2027 (B2/B+) remained active with the notes trading off their lows and again brushing against par.
KAR Auction Services Inc.’s 5 1/8% senior notes due 2025 were trading down following disappointing earnings.
The sell-off in Northern Oil and Gas, Inc.’s recently priced 8 1/8% senior notes due 2028 (Caa1/B/B) accelerated on Wednesday with the notes now several points below their issue price, despite continued gains in crude oil futures.
© 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.