Norwegian launches; Gamenet prices; Carnival higher; American Airlines lower

By Paul A. Harrisand James McCandless

Portland, Ore., July 16 – The high-yield primary ambled along on Thursday, active but slowing from ferocious second-quarter activity.

On the heels of Carnival Corp. & plc’s financing on Wednesday, Norwegian Cruise Line launched an upsized $750 million 5.5-year senior note at 10¼% one day later.

Gamenet Group SpA priced, shifting amounts between tranches.

And, BBB Industries is ready to go for Friday with a $240 million offering.

In the secondary market, recent issuance from Carnival, Joseph T. Ryerson & Son, Inc. and Carpenter Technology Corp. took most of the attention.

Air traveler American Airlines Group Inc.’s issues were under pressure after warning 25,000 of its workers of a potential furlough.

Elsewhere, utilities provider PG&E Corp.’s paper trended upward in the run-up to new developments in the investigation of 2019 wildfires.

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