E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/27/2018 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily, Prospect News Investment Grade Daily and Prospect News Private Placement Daily.

Hi-Crush prices, euro primary active; Party City’s new issue lower; Teva slides

By Paul A. Harris and James McCandless

San Antonio, July 27 – Hi-Crush Partners LP brought a slow week in the U.S. high-yield primary to a close with its $450 million offering of eight-year senior notes, priced at par to yield 9½%.

However there was no word on an offering from Intrepid Aviation Group Holdings, LLC that had been expected to price on Friday.

The outlook for the primary is not much stronger: active but not busy, according to sources.

The euro primary fared better, with two deals pricing during the session, €660 million of five-year senior secured notes in two tranches from WFS Global Holding SAS and €300 million of seven-year senior secured notes yielding 5¼% from CEVA Logistics AG.

The secondary market saw volume dip slightly but still remained relatively active, especially for a summer Friday.

Party City Holdings Inc.’s new $500 million of 6 7/8% eight-year senior notes were lower at week’s end

Petrobras Global Finance BV’s 5.999% senior notes due 2028 and 7 3/8% senior notes due 2027 were mixed.

Teva Pharmaceutical Industries Ltd.’s 3.15% senior notes dropped.

Intelsat SA’s notes gained.


© 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.