Scotts Miracle-Gro prices; newer notes diverge; Aramark lower; PG&E gains; WeWork drops

By James McCandless and Paul A. Harris

San Antonio, Oct. 8 – In a light Tuesday high-yield primary market Scotts Miracle-Gro Co. priced an upsized $450 million issue of 10-year senior notes at par to yield 4½% in a quick-to-market trade, while the secondary market remained fixed on newer issues and newsmakers.

The final three sessions of the Oct. 7 week figure to be active ones, as dealers work through a calendar festooned with multi-tranche, multi-currency deals.

Meanwhile, recent notes from AerCap Holdings NV and CSC Holdings LLC were active but took diverging directions.

Meanwhile, Aramark’s issues were trending lower a day after the company announced a new chief executive officer.

In utilities, PG&E Corp.’s paper trended higher as the company, creditors and other stakeholders argue over its restructure plan.

Real estate name WeWork Cos. Inc.’s notes dropped as continual negative headlines dogged the name.

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