Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item |
Albertsons prices; Mueller, Matterhorn on tap; Rite Aid active; PetSmart rebound continues
By Paul A. Harris and Abigail W. Adams
Portland, Me., June 6 – The domestic primary market saw one upsized deal price on Wednesday. However, the domestic and European primary market will see several more price before the week draws to a close.
Albertsons Cos., Inc. priced an upsized $750 million issue of Libor plus 375 basis points 5.5-year senior secured floating-rate notes at 99.50. The notes were seen well above their issue price after breaking for trade.
While Albertsons was the lone deal to price on Wednesday, Mueller Water Products, Inc.’s offering of $425 million eight-year senior notes (Ba3/BB) and Salt Mobile SA’s (Matterhorn Telecom SA) offering of CHF 2,085,000,000 billion equivalent four part offering of senior secured notes (B2/B+) is set to price on Thursday.
Aleris International, Inc.’s $400 million offering of five-year senior secured junior priority notes (B1/CCC+) is scheduled to price before the end of the week.
Meanwhile, the secondary space was firm on Wednesday. “There’s definitely a bid to the market,” a source said.
While Albertsons’ new floaters did not spur activity in the food and drug retailers other junk bonds, Rite Aid Corp.’s 6 1/8% senior notes due 2023 (B3/B-) were active in the space and down about ¾ point.
PetSmart Inc.’s junk bonds remained in focus and continued to make gains with the notes returning to their previous levels before their downward spiral in early May.
© 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.