Allen Media, Parsley Energy, Builders FirstSource, Match Group price; Asbury, Uniti trade up

By Paul A. Harris and Abigail W. Adams

Portland, Me., Feb. 6 – The domestic high-yield primary market continued to churn out deals at an active pace with five deals pricing during Thursday’s session.

Builders FirstSource Inc. priced an upsized $500 million issue of 10-year senior notes (B3/BB-).

Match Group priced a $500 million issue of 4 1/8% 10.5-year senior notes (expected ratings Ba3/BB).

Shea Homes priced an upsized $450 million issue of eight-year notes (B1/BB-).

Parsley Energy LLC priced a $400 million issue of eight-year senior notes (Ba3/BB/BBB-).

And Allen Media, LLC priced a $300 million issue of eight-year senior notes (Caa1/B-).

Meanwhile, in the secondary space, Asbury Automotive Group, Inc.’s recently priced tranches (B1/BB) were putting in strong performances with the longer duration notes an outperformer.

Uniti Group Inc.’s 7 7/8% senior notes due 2025 (Caa1/CCC/B) were also trading well above their issue price although there was some caution around the name.

However, Centene Corp.’s newly priced split-rated 3 3/8% senior notes due 2030 (Ba1/BBB-/BB+) fell flat in secondary market activity with the tight pricing of the notes leaving them little room for movement, a source said.

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