HC2 Holdings, LifePoint on tap; Mednax trades up; Party City, Bombardier drop

By Paul A. Harris and Abigail W. Adams

Portland, Me., Nov. 8 – Two deals that are expected to clear before the week comes to a close remain on the domestic primary market’s forward calendar.

HC2 Holdings, Inc. was expected to price its restructured $535 million offering of three-year senior notes during Thursday’s session. However, the deal had not priced as of press time.

RegionalCare Hospital Partners Holdings, Inc. and LifePoint Health, Inc. set price talk for their $1,575,000,000 offering of eight-year senior notes (Caa1/CCC+) with the deal expected to clear the market on Friday.

In the European primary market, Verisure and International Design Group SpA circulated talk for their euro-denominated offerings, and Groupe Ecore Holding SAS (Luxembourg) joined the forward calendar.

The Canadian primary market saw one deal price Thursday. Parkland Fuel Corp. priced an upsized C$300 million issue of 8.2-year senior notes (S&P: BB/DBRS: BB).

Meanwhile, the secondary space was soft on Thursday after firming earlier in the week. Earnings-related news continued to dominate trading activity with several names declining in high-volume activity.

Bombardier Inc.’s 7½% senior notes due 2025 were volatile during Thursday’s session. While trading up early, the notes stood poised to close the day at their lowest levels year-to-date.

Party City Holdings Inc.’s junk bonds were also down in active trading, shaving off more than 1 point after an earnings miss.

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