Unisys, loanDepot price; Providence on 102-handle; AA gains; Diamond Sports, PBF drop

By Paul A. Harris and Abigail W. Adams

Portland, Me. Oct. 22 – The domestic high-yield primary market remained active on Thursday with two deals clearing the market and several more set to price before the week draws to a close.

Unisys Corp. priced an upsized $485 million issue of 6 7/8% eight-year senior secured notes (B2/BB-) and loanDepot priced an upsized $500 million issue of five-year senior secured notes.

Meanwhile, Providence Service Corp.’s 5 7/8% senior notes due 2025 (B2/B+) skyrocketed in the aftermarket with the notes trading up to a 102-handle.

American Airlines, Inc.’s bonds jumped in active trading following a better-than-expected earnings report.

Diamond Sports Group LLC and Diamond Sports Finance Co.’s 5 3/8% senior secured notes due 2026 continued to slide in active trading as the company talks restructuring.

PBF Holding Co. LLC’s notes had a large decline as investors prepare for the energy company’s earnings next week.

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