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Published on 9/4/2019 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily, Prospect News Investment Grade Daily and Prospect News Private Placement Daily.

Iron Mountain, Yum!, Murphy Oil price; Shutterfly upsizes; Ichan new issue gains

By Cristal Cody and James McCandless

Tupelo, Miss., Sept. 4 – The primary high-yield market continued to awaken on Wednesday after an approximately two-week hiatus.

Iron Mountain Inc., Yum! Brands, Inc. and Murphy Oil USA Inc. all priced new deals in the primary junk market.

Iron Mountain and Yum! Were both upsized.

The high yield secondary space saw rose throughout the Wednesday session.

Icahn Enterprises LP and Icahn Enterprises Finance Corp.’s new senior notes spent its first day gaining.

In health care, DaVita Inc.’s issues saw varying movements amid favorable developments in the California Senate.

Coworking name WeWork’s paper closed the day better after its chief executive officer returned a $5.9 million payment the company paid him.

The junk bond market opened up 1/8 point on Wednesday and closed the day better.


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