| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for F-Brasile US LLC > News item |
Advisor Group prices; Ardagh at par; Western Digital unchanged; Antero Resources down
By Paul A. Harris and Abigail W. Adams
Portland, Me., July 31 – The largest month for new deal activity in the domestic high-yield primary market’s recent history came to a close with one new deal pricing.
Advisor Group Inc. priced a downsized $350 million issue of 10¾% eight-year senior notes (Caa1/B-) at 96.14 to yield 11½%.
The forward calendar remains thin in the wake of Advisor Group pricing.
Forgitel Group (F-Brasile SpA and F-Brasile US LLC) is marketing a $505 million offering of seven-year senior secured notes (B2/B) on a roadshow which is set to wrap up on Thursday.
Meanwhile, the secondary space was soft in the wake of the Federal Reserve’s much anticipated quarter point rate cut with the market unclear about the direction the central bank will take on future cuts.
Earnings reports and new paper continued to dominate activity in the secondary space.
Ardagh Group SA’s dollar-denominated tranches were active yet unchanged in secondary trading with both the secured and unsecured notes wrapped around par.
Western Digital Corp.’s split-rated 4¾% senior notes due 2026 (Baa3/BB+) were active post-earnings.
While the notes were soft in intraday trading, they also closed the day largely unchanged.
Antero Resources Corp.’s 5 5/8% senior notes due 2023 were active and trading down following their second quarter earnings.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.