Restaurant Brands upsizes junk deal; Hill-Rom, FMG active; Iron Mountain positive

By Cristal Cody and James McCandless

Tupelo, Miss., Sept. 6 – The junk bond market ended the week on a strong note Friday.

Restaurant Brands International, Inc. priced an upsized $750 million of notes, to round out an active week.

Week to date, dollar-denominated junk bond supply totals more than $4.5 billion.

The week ahead is shaping up to be a busy one with several loan and bond combination deals and BB-rated bond offerings anticipated.

“It could be one of the busier weeks of the year,” a market source said.

In recently priced paper, Hill-Rom Holdings, Inc.’s and FMG Resources Pty Ltd.’s new senior notes were traded actively but finished flat.

Meanwhile, Iron Mountain Inc.’s new ten-year issues saw slightly higher levels.

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