| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Windsor Holdings III, LLC > News item |
Tidewater caps active week: Univar struggles; Civitas holds; Brinker dips in junkland
By Paul A. Harris and Abigail W. Adams
Portland, Me., June 23 – The domestic high-yield primary bond market capped a high-volume week for new issuance with one last offering.
Tidewater Inc. priced a $250 million offering of 10 3/8% five-year senior notes at 99 to yield 10 5/8%.
The new paper followed different trajectories in the secondary space with some flat, some under water, and some trading with strong premiums.
The cash bond market was off ¼ to 3/8 point with a risk-off sentiment sweeping through the market ahead of the weekend.
However, Civitas Resources, Inc.’s two tranches of senior notes (B1/BB-/BB-) held the strong gains made on the break despite a heavy day for the market.
Windsor Holdings III, LLC’s 8½% senior secured notes due 2030 (B2/B+) backing the buyout of Univar Solutions Inc. continued to struggle in secondary market activity with the notes falling further below par in heavy volume.
Brinker International, Inc.’s new 8¼% senior notes due 2030 (B1/BB-) also dipped below par in active trade under Friday’s weighty market conditions.
© 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.