| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for TransDigm Inc. > News item |
Spirit AeroSystems, Marriott price; Sabre, Cinemark, Burlington trade up; TransDigm active
By Paul A. Harris and Abigail W. Adams
Portland, Me., April 14 – The domestic high-yield primary market continued to churn out the new deals with two sizable drive-bys clearing the market during Tuesday’s session.
Spirit AeroSystems, Inc. priced an upsized $1.2 billion issue of five-year senior secured second-lien notes (Ba2/BB-).
Marriott International Inc. priced an upsized $1.6 billion issue of five-year series EE senior notes.
Both deals were heavily oversubscribed – a theme among the deals to clear the primary market in recent days.
Meanwhile, the new paper was in focus in the secondary space with all putting in a strong performance.
Sabre GLBL Inc.’s 9¼% senior notes due 2025 (Ba3/B+), Burlington Stores, Inc.’s 6¼% senior notes due 2025 (Ba1/BB+/BB) and Cinemark USA, Inc.’s 8¾% senior notes due 2025 (Ba2/BB+) were all trading with steep premiums in the secondary space.
TransDigm Inc.’s 6¼% senior notes due 2026 (Ba3/B+) were also active and trading well above the reoffer price of their add-on.
Outside of the new paper, Avon Products Inc.’s 7% senior notes due 2023 (B3/B+) jumped in active trading.
© 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.