Cheniere, Encompass Health, Triumph, Toll Brothers price; WeWork drops; Yum Brands lifts

By Cristal Cody and James McCandless

Tupelo, Miss., Sept. 9 – Junk bond supply included more than $3 billion of notes priced over Monday’s session.

Cheniere Energy Partners, LP, Encompass Health Corp., Triumph Group, Inc., Plains All American Pipeline, LP and PAA Finance Corp., Toll Brothers Finance Corp. and International Game Technology plc all brought deals in the Monday session.

The high-yield primary market is expected to be busy this week after issuers brought more than $4.5 billion of bonds last week, sources report.

Several loan and bond combination deals and BB-rated bond offerings are anticipated.

In the secondary, WeWork Cos. Inc.’s notes dropped after the company cut its valuation ahead of an initial public offering and the company received pressure from its largest investor to stop the IPO altogether.

And elsewhere, Yum! Brands, Inc.’s new $800 million eleven-year issues pushed higher.

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