Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for United Rentals, Inc. > News item |
JBS, Uber deals eyed; Hexion in focus; Netflix mixed; DaVita drops
By Paul A. Harris and Abigail W. Adams
Portland, Me., Oct. 17 – The new issue market remained quiet on Wednesday, with much of the news coming in emerging markets, true private placement and investment grade executions.
High-yield accounts were eyeing Sao Paulo, Brazil-based JBS SA’s $500 million offering of eight-year senior notes (expected ratings Ba3/BB-/BB-), which may price on Thursday.
The market is also focused on Uber Technologies Inc.’s $2 billion two-part private placement, which was expected to be allocated on Wednesday and begin trading on Thursday.
Nine Energy Service, Inc.’s $400 million offering of five-year senior notes (B3/B) is currently the only deal on the forward calendar with pricing expected Friday.
However, United Rentals, Inc. is expected to bring $1.1 billion of senior notes (Ba3) to the market in a deal that may launch before the week is through.
Meanwhile, trading volume was light with no new paper entering the secondary space.
Hexion Inc.’s junk bonds remained in focus with creditors gearing up for negotiations over the second-lien notes maturing in 2020.
Netflix Inc.’s junk bonds were mixed in high-volume trading after the company reported a large earnings beat.
DaVita HealthCare Partners Inc.’s junk bonds were losing ground in active trading after competitor Fresenius Medical Care slashed its forward guidance due to decreased demand for dialysis services.
© 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.