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Performance Food, IBP price to demand; ADT, Ryman, Uber and WPX trade; big ETF inflows
By Paul A. Harris and James McCandless
Chicago, Sept. 16 – The new week started strong in the high-yield primary market.
Deals from Performance Food Group Co. and Installed Building Products, Inc. were significantly oversubscribed, both pricing at par and at the low end of talk.
In the secondary market, new paper from ADT Inc.’s and Ryman Hospitality Properties, Inc.’s new notes made a splash.
Uber Technologies, Inc.’s and WPX Energy, Inc.’s recent paper was also gaining.
Friday’s inflows to ETFs were the highest they have been since June.
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