IPL Plastics eyes offering; New Fortress firm; American Airlines varies; Carnival eyed; Revlon diverges

By James McCandless and Paul A. Harris

San Antonio, Aug. 24 – As the Aug. 24 week got underway there was a sole deal parked on the calendar, while the high-yield secondary market opened the week with a focus on new issues and travel names.

IPL Plastics Inc. is scheduled to have a roadshow for a $450 million offering of eight-year senior secured notes (B3) through Tuesday.

New notes priced by New Fortress Energy Inc. were seen pushing higher than par after coming to market last week.

Meanwhile, American Airlines Group Inc.’s and United Airlines Holdings, Inc.’s issues trended higher on news of a potential coronavirus treatment.

Also in the travel space, Carnival Corp. & plc’s paper saw mixed results.

In retail, Revlon, Inc.’s paper diverged after extending the early deadline for an exchange offer.

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