| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Carpenter Technology Corp. > News item |
Diebold Nixdorf prices, Allied adds on; Alcoa flat; funds add $2.13 billion
By Abigail W. Adams
Portland, Me., July 9 – The domestic high-yield primary market continued to churn out new issuance on Thursday.
Diebold Nixdorf priced its two-tranche dual-currency offering of five-year senior secured notes (B3/B-).
And Allied Universal pricing an upsized $400 million add-on to its 6 5/8% senior secured notes due July 15, 2026 (B3/B-).
Blue Racer Midstream was also expected to price a $400 million offering of five-year senior notes (existing ratings B2/B/BB-) and Rattler Midstream its $500 million offering of five-year senior notes (Ba3/BBB-/BB+).
The new deal activity will continue on Friday with Carpenter Technology Corp. on deck with a split-rated offering of $400 million eight-year senior notes (existing Ba3/confirmed BBB-).
Meanwhile, Diebold’s new dollar-denominated tranche skyrocketed out of the gate.
After a strong break during Wednesday’s session, Taylor Morrison Communities Inc.’s 5 1/8% senior notes due 2030 (Ba3/BB) held on to their gains despite weak market conditions.
However, Alcoa Corp.’s 5½% senior notes due 2027 (Ba1/BB+) fell flat in high-volume activity.
High-yield mutual and exchange-traded funds pared their losses from last week’s record-setting outflow and added $2.131 billion for the week through Wednesday’s close, according to Refinitiv Lipper US Fund Flows.
© 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.