Silversea, Mattamy add-on close out busy $8.3 billion week; recent new issues trade actively

By Paul Deckelman and Paul A. Harris

New York, Jan. 13 – The high-yield market saw a pair of new deals price on Friday, on top of Thursday’s very busy session, bringing its first full trading week of the new year to a close.

In fact, according to data compiled by Prospect News, the $8.29 billion that priced in 12 tranches during the week was the most new U.S. dollar-denominated and fully junk-rated paper seen in Junkbondland in more than a month.

Monaco-based luxury cruise line operator Silversea Cruise Holding Ltd. had the big deal of the day, its $550 million of eight-year secured notes doubled from the offering’s originally announced size.

Besides that regularly scheduled forward calendar offering, Canadian homebuilder Mattamy Group Corp. did a quickly shopped $100 million add-on to the deal the company did back in December.

In the secondary market, traders saw active dealings in some of the new issues which had priced during Thursday’s super-session.

Among those new credits trading busily during Friday’s pre-holiday market ahead of Monday’s scheduled Martin Luther King Jr. Day close were those of communications infrastructure provider Zayo Group, LLC, Canadian oil sands producer MEG Energy Corp., physician services organization Team Health Holdings, Inc. and diversified holding company Icahn Enterprises LP.

Statistical market performance measures turned higher across the board on Friday after having been lower all around for a second straight session Thursday.

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