| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Centene Corp. > News item |
Advanced Disposal, Cooper-Standard price; Community Health dives; funds lose $48 million
By Paul Deckelman and Paul A. Harris
New York, Oct. 27 – The high-yield primary market saw a pair of deals totaling $825 million come to market on Thursday – although that was down from Wednesday’s $1.78 billion of activity.
Both of the day’s offerings were regularly scheduled forward calendar transactions, versus Wednesday’s pair of quickly shopped drive-by offerings.
Ponte Vedra, Fla.-based solid-waste-management company Advanced Disposal Services Inc. priced $425 million of eight-year notes.
Novi, Mich.-based automotive systems maker Cooper-Standard Holdings Inc. came to market with $400 million of 10-year notes.
The traders meantime saw continued dealings in some of the new deals which priced earlier this week, including Centene Corp., Live Nation Entertainment Inc. and Rackspace Hosting, Inc. although on mostly reduced volume and easier levels, in line with an overall softer market.
Away from the new deals, one well-known junk name seen on the downside Thursday was Community Health Systems, Inc. after the big hospital operator released a disappointing third-quarter earnings preview.
Statistical market performance measures were lower across the board for a second consecutive session on Thursday; they had turned weaker on Wednesday after having been mixed on Tuesday and higher all around on Monday.
High-yield mutual funds and exchange-traded funds stayed in negative territory for a third consecutive week as $48 million more left those weekly-reporting-only domestic funds in the form of investor redemptions than came into them during the reporting week ended Wednesday.
© 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.