Nielsen, WCI add-ons drive by; Wind slates big dollar/euro deal; Central Garden up on bid news

By Paul Deckelman and Paul A. Harris

New York, June 23 – The high-yield primary arena opened the final full trading week in June on Monday with a pair of quickly shopped add-on offerings and was looking forward to one very large deal that is expected to price on Tuesday.

Syndicate sources said that two financing subsidiaries of Nielsen Co. BV brought an $800 million add-on to their existing 2022 notes. The notes were later seen by several traders at a small premium to the add-on’s issue price.

WCI Communities, Inc. did a $50 million add-on to its existing 2021 notes.

The sources said that Wind Telecomunicazioni SpA plans to price $1.9 billion of senior secured fixed-rate notes on Tuesday via a financing subsidiary as part of a more than €4 billion three-tranche deal that also includes euro-denominated fixed and floating-rate paper.

That big Wind deal was one of a number of new deals heard to have climbed onto the forward calendar on Monday, including prospective dollar-denominated transactions from Rose Rock Midstream, LP, Memorial Resource Development Corp. and Ithaca Energy Inc.

Away from the new deals, Central Garden & Pet Co.’s bonds and shares rose in brisk trading as the supplier of lawn & garden products and pet supplies announced that it had received an unsolicited letter from Harbinger Group, Inc.

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