Charter, Marriott drive by and upsize; WeWork, Uber dip; oil names down

By Paul A. Harris and James McCandless

Portland, Ore., Sept. 17 – On Tuesday, the high-yield market experienced some drive-by action.

Charter Communications, Inc. came upsized and tight to guidance for $1.35 billion.

And, Marriott Vacations Worldwide Corp. priced an oversubscribed $300 million.

Performance Food Group Co.’s and Installed Building Products, Inc.’s new notes became free to trade, trending upward.

Meanwhile, WeWork Cos. Inc.’s issues dipped after the company announced that it would be delaying its initial public offering.

Uber Technologies, Inc.’s paper also moved to lower ground.

Oil names moved down as Saudi Arabia announced that it would be back up to full production by the end of the month.

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