Junk: Newfold prices, jumps on break; Viper holds premium; Global Aircraft regains footing

By Paul A. Harris and Abigail W. Adams

Portland, Me., Oct. 13 – The domestic high-yield bond primary market had one deal price on Friday with one more carrying over the weekend on the forward calendar.

Newfold Digital Holdings Group, Inc. priced an upsized $515 million issue of five-year senior secured notes (B2/B/BB-) on an accelerated timeline.

Co-issuers Global Aircraft Leasing Co., Ltd. and Global Sea Containers II Ltd. remain in the market with a $1.95 billion offering of five-year senior PIK toggle notes (Ba2//BB-).

Meanwhile, it was a flat day in the secondary space with the cash bond market either side of unchanged after a volatile two weeks.

Viper Energy Partners LP 7 3/8% senior notes due 2031 (Ba3/BBB-/BB-) held on to the gains made on the break although the notes remained on a par handle.

While the notes made strong gains on Tuesday with the company launching a refinancing deal to take out the notes, they came in over the previous two sessions.

Medical Properties Trust Inc.’s 5¼% senior notes due 2026 (Ba1/BB+) made large gains in active trade on Friday following an asset sale.

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