Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Progroup AG > News item |
Guitar Center, NVA bring deals; U.S. Steel, J.C. Penney dominate secondary; Valeant busy
By James McCandless and Paul A. Harris
San Antonio, March 14 – In the high-yield primary market on Wednesday, Guitar Center, Inc. priced $635 million of secured notes, NVA Holdings, Inc., the parent of National Veterinary Associates, priced $500 million of notes, Progroup AG priced €450 million of notes, and Stora Enso Oyj priced €300 million of notes.
The high-yield secondary market saw volume taken up by recent issues, traders said.
United States Steel Corp.’s latest issue saw much of the day’s activity as the company braces for impact as a result of newly placed tariffs.
Last week’s new pricing of J.C. Penney Co., Inc. continues to dominate in the retail space.
Valeant Pharmaceuticals International, Inc. saw another active day for its new eight-year senior unsecured notes.
The recent $1 billion pricing from Sprint Corp. continued trading.
Intelsat SA and Northern Oil and Gas, Inc. were in high volume again.
© 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.