| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Carriage Services, Inc. > News item |
Mattel, Carriage Services price, dominate trading; TMX on tap; JW Aluminum quiet
By Paul A. Harris and Abigail W. Adams
Portland, Me., May 23 – The domestic primary market saw two deals price on Wednesday with three more deals set to price before the week draws to a close.
Mattel, Inc. priced a $500 million add-on to its 6¾% senior notes due Dec. 31, 2025 (B1/BB-/BB) at 96.25 to yield 7.403%.
Carriage Services, Inc. priced a $325 million issue of eight-year senior notes (B2/B) at par to yield 6 5/8%.
The new paper dominated trading activity in the secondary space with both notes seen above their issue price.
TMX Finance LLC, formerly known as TitleMax, talked its $450 million offering of five-year senior secured notes with pricing expected Thursday.
Tervita Corp.’s $250 million add-on to its 7 5/8% senior secured notes due Dec. 1, 2021 and Graham Holdings Co.’s offering of $400 million of eight-year notes are slated to price before the end of the week.
JW Aluminum Continuous Cast Co.’s new 10¼% senior notes due 2026 (B3/B-) were quiet in the secondary space with few accounts involved in the deal, market sources said.
Meanwhile, Freeport-McMoran Inc.’s 5.45% senior notes due 2043 (Ba2/BB-) were actively traded and made slight gains on Wednesday while other notes in the structure saw losses.
Junk bonds in the energy sector were off on Wednesday as the barrel price of West Texas intermediate crude oil for June delivery dropped about 70 cents in intra-day trading, a market source said.
© 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.