| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for DISH Network Corp. > News item |
TransDigm prices add-on; DISH improves post-earnings; junk funds lose $6.125 billion
By Paul A. Harris and Abigail W. Adams
Portland, Me., Feb. 23 – On the heels of eight consecutive dormant sessions the dollar-denominated high-yield bond new issue market sprang to life on Thursday.
TransDigm, Inc., appearing for the second time since the beginning of 2023, priced a $1.1 billion add-on to its 6¾% senior secured notes due Aug. 15, 2028 (Ba3/B+) at a discount.
Meanwhile, the secondary space continued to improve on Thursday as the market dialed back expectations for a more aggressive Federal Reserve after a weak GDP print.
The cash bond market added ½ point following the strong gains of the previous session with buyers again returning to the space.
TransDigm’s 6¾% senior secured notes due 2028 dominated activity in the secondary space with the notes unchanged by the add-on.
DISH Network Corp.’s 11¾% senior secured notes due 2027 (Ba3/B+) pared some losses from the week with the notes lifted post-earnings.
Meanwhile, funds had $6.125 billion leave the space in the week through Wednesday’s close, according to the Refinitiv Lipper Fund Flows Report.
© 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.