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Published on 7/15/2019 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.

Trivium, Trident TPI on tap; E.W. Scripps, Masonite improve; Carrizo Oil & Gas up on buyout

By Paul A. Harris and Abigail W. Adams

Portland, Me., July 15 – The forward calendar for both the domestic and European primary market grew on Monday with three new roadshows announced.

Trivium Packaging Finance BV started an international roadshow on Monday for a $2.75 billon equivalent four-part offering of notes.

In a dollars-only deal, Trident TPI Holdings, Inc., which does business as Tekni-Plex, plans to start a roadshow on Tuesday for a $345 million offering of five-year senior notes.

And France's Loxam SAS started a roadshow on Monday for a €1.4 billion three-part offering of notes.

U.K.-based Domestic & General set price talk in its £630 million three-part offering of high-yield notes with pricing expected on Tuesday.

Meanwhile, volume was relatively thin in the secondary space with the overall market largely unchanged, sources said.

E.W. Scripps Co.’s 5 7/8% senior notes due 2027 (B3/B-/B) continued their upward momentum on Monday after a strong start out of the gate.

Masonite International Corp.’s 5 3/8% senior notes due 2028 (Ba3/BB+) saw significant improvement in active trading during Monday’s session.

Carrizo Oil & Gas Inc.’s junk bonds jumped in active trading on Monday after news broke that Callon Petroleum Co. would acquire the company in an all stock deal.


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