| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Amsted Industries Inc. > News item |
IHO (Schaeffler), IAA, Builders FirstSource, Jefferies Finance price; Amsted holds
By Paul A. Harris and Abigail W. Adams
Portland, Me., May 22 – The high-yield primary market saw another active session on Wednesday with four deals clearing the forward calendar.
IHO Verwaltungs GmbH, the holding company whose interests include manufacturer Schaeffler AG, priced approximately €2.05 billion equivalent of senior secured PIK toggle notes (Ba1/BB+/BB+) in four tranches.
IAA, Inc. (Insurance Auto Auctions, Inc.) priced an upsized $500 million issue of eight-year senior notes (S&P: B/Fitch: BB-) at par to yield 5½%.
Builders FirstSource Inc. priced an upsized $400 million issue of eight-year senior secured notes (B2/BB-) at par to yield 6¾%.
Jefferies Finance LLC and JFIN Co-Issuer Corp. priced a downsized $400 million issue of seven-year senior secured notes (Ba2/BB-) at par to yield 6¼%.
Meanwhile, new paper was in focus in the secondary space albeit with mixed performances.
New issues from IAA and Builders FirstSource skyrocketed after breaking for trade.
Amsted Industries Inc.’s recently priced 5 5/8% senior notes due 2027 (Ba3/BB) held on to their large premium in active trading.
Eldorado Gold Corp.’s 9½% senior notes due 2024 (Caa1/B) were also changing hands at a premium to their issue price.
However, Taylor Morrison Communities Inc.’s recently priced 5 7/8% senior notes due 2027 (Ba3/BB) were lagging in secondary trading.
© 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.