No deals price but calendar builds; Access Midstream Partners up on Williams merger plan

By Paul Deckelman and Paul A. Harris

New York, June 16 – The high-yield primaryside started the new week on Monday on a relatively quiet note with no new issues pricing.

However, syndicate sources said the forward calendar was building as several new junk bond deals were announced during the day with the companies all starting roadshows to market them to potential investors.

They said that Evertec, Inc., which processes credit card transactions in the Caribbean and Latin America, is shopping a $400 million eight-year secured notes deal around for pricing at the end of the week.

Global Partners LP, a midstream oil and gas company, plans to sell $375 million of eight-year notes, with pricing expected this week.

Low-cost airline operator Allegiant Travel Co. will be doing a $300 million five-year notes deal.

And oilfield services provider SAE Exploration Holdings, Inc. is offering $150 million of five-year secured notes.

Sources heard price talk on railroad operator All Aboard Florida’s upsized $405 million of five-year secured PIK toggle notes, which are expected to price on Tuesday afternoon.

Away from the new deals, traders said that Access Midstream Partners LP’s bonds firmed smartly, some of them in heavy trading, on the news that the Williams Cos. Inc., which already owns a chunk of the Oklahoma City-based midstream energy partnership, plans to acquire a 100% interest in its general partnership entity and a 50% stake in its limited partnership entity.

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