Calumet joins calendar; NextEra trades; Peabody Energy dips; PG&E rises; Netflix declines

By James McCandless and Paul A. Harris

San Antonio, Sept. 20 – A $4 billion active forward calendar in the high-yield market took aboard another bond offer on Friday as Calumet Specialty Products Partners, LP planned to start a roadshow on Monday for a $550 million offering of 5.5-year senior notes, while the high-yield secondary saw a non-cohesive session to end the week.

Also on Friday, Inmarsat plc upsized its offering of seven-year senior secured notes to $1,825,000,000 from $1,125,000,000.

NextEra Energy Operating Partners, LP’s new notes were active, ending at par.

Elsewhere, Peabody Energy Corp.’s issues dipped after the company terminated a cash tender offer.

Utility PG&E Corp.’s paper was on the rise after a group of creditors and wildfire victims said it has its own reorganization plan for the name.

Meanwhile, Netflix, Inc.’s notes declined after its chief operating officer said that the company’s sector was becoming increasingly challenging.

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