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Italmatch Chemicals prices; Intelsat lower; U.S. Steel negative; Tempur Sealy up
By James McCandless and Paul A. Harris
San Antonio, April 10 – In Wednesday's high-yield primary market Italmatch Chemicals SpA priced a €200 million add-on to the senior secured floating-rate notes due 2024, as the secondary was mixed with a focus on telecom and manufacturing.
Intelsat SA’s notes ended negative as one of the company’s satellites experiences communications issues.
United States Steel Corp.’s issues were pushed lower on worries about oversupply in the steel industry.
Tempur Sealy International, Inc.’s paper moved upwards of par as MattressFirm’s chief executive officer resigns.
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