Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CenturyLink, Inc. > News item |
Manitowoc, Sunoco price; Teva gains; CenturyLink jumps; Consolidated Communications drops
By Abigail W. Adams
Portland, Me., March 11 – The domestic high-yield primary saw two deals clear the market on Monday amid an improved tone in capital markets.
After carrying over from Friday’s session, Manitowoc Co. Inc. priced a $300 million issue of seven-year senior secured second lien notes (B2/B) at par to yield 9%.
Sunoco LP priced an upsized $600 million issue of eight-year senior notes (B1/BB-/BB) at par to yield 6% in a quick-to-market Monday trade, according to market sources.
Target Hospitality talked its $340 million offering of five-year senior secured notes (B2/B) with pricing expected on Tuesday.
Meanwhile, the secondary space remained quiet on Monday with trading volume light while the overall space firmed after a soft ending to last week.
Teva Pharmaceuticals’ junk bonds saw minor gains in high-volume activity on Monday.
CenturyLink, Inc.’s junk bonds were also on the rise on Monday with the notes on an upward trajectory since the company’s fourth-quarter earnings report.
However, Consolidated Communications Holdings Inc.’s saw a multipoint drop on Monday following a ratings downgrade.
© 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.