HP, Fidelity, Healthpeak, Principal, American Campus, Westlake price; spreads soften

By Cristal Cody

Tupelo, Miss., June 9 – High-grade supply on Tuesday included new issues from HP Inc., Fidelity National Financial, Inc. and Healthpeak Properties, Inc.

HP priced $3 billion of fixed-rate senior notes (Baa2/BBB/BBB+) in three tranches.

Fidelity National Financial brought $650 million of 10-year senior notes (Baa2/BBB) to the primary market in an offering upsized from $500 million.

Healthpeak Properties sold $600 million of senior notes due Jan. 15, 2031 (Baa1/BBB+/BBB+).

Also, Principal Financial Group, Inc. priced $500 million of 10-year senior notes (Baa1/A-/A-) on Tuesday.

American Campus Communities Operating Partnership LP tapped the market with $400 million of guaranteed senior notes due Jan. 30, 2031 in a deal upsized from $350 million.

Westlake Chemical Corp. sold $300 million of 10-year senior notes (Baa2/BBB-/BBB) during the session.

Credit spreads widened over 5 basis points on Tuesday after easing nearly 2 bps on Monday.

© 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.