Drive-by deals from Qorvo and Beacon; Howden prices; Inmarsat and BidFair/Sotheby’s active

By Paul A. Harris and James McCandless

Portland, Ore., Sept. 25 – The high-yield primary market saw two drive-by deals price on Wednesday and one issue came off the calendar.

Qorvo, Inc. priced an upsized $350 million issue and Beacon Roofing Supply, Inc. drove by with a $300 million issue.

Howden (Granite Holdings US Acquisition Co.) came off the calendar with a deal for $300 million.

Monday’s new issues remained active in the high-yield secondary.

Notes from Inmarsat plc and BidFair/Sotheby's were active, moving into better positions by the end of trading.

Meanwhile, Sprint Corp.’s issues traded lower amid negative headlines of an FCC investigation.

Cable TV name Charter Communications, Inc.’s notes were seen trending lower.

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