| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Forestar Group, Inc. > News item |
Golden Entertainment prices; Staples upsizes offering, closes books; Ensign Drilling drops
By Paul A. Harris and Abigail W. Adams
Portland, Me., April 8 – The European and domestic high-yield primary markets were active on Monday with each seeing one deal price and the forward calendar growing.
Golden Entertainment Inc. priced a $375 million issue of seven-year senior notes (Caa1/CCC+) at par to yield 7 5/8%.
Mineral Resources Ltd. will market a $750 million offering of eight-year senior notes (S&P: B+) on an investor roadshow with pricing expected during the April 15 week.
The highly anticipated offering from Staples, Inc. upsized and underwent changes prior to books closing on Monday with allocation expected on Tuesday.
In the European market, Ineos Finance plc priced a €770 million issue of seven-year senior secured notes (Ba1/BB+/BBB-) at par to yield 2 7/8% in a Monday drive-by.
Italmatch Chemicals SpA started a roadshow for a €200 million add-on to its floating rate notes due Sept. 30, 2024 (expected ratings B3/B).
Meanwhile, the secondary space launched the week with light trading volume, sources said.
Ensign Drilling Inc.’s 9¼% senior notes due 2024 (B2/BB-) dropped in high-volume activity on Monday with the notes lagging their issue price, despite a strong day for crude oil futures.
Forestar Group Inc.’s 8% senior notes due 2024, in contrast, remained well above their issue price with the notes continuing to make gains.
© 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.