TreeHouse drives by; IPL prices; NCR notes higher; American Airlines down; Antero rises

By James McCandless

San Antonio, Aug. 25 – Even in late August, the primary high-yield market is still pushing out new deals, forestalling the late summer lull one market session at a time.

TreeHouse Foods, Inc. drove by with an upsized issue on Tuesday.

And, IPL Plastics Inc. wrapped up its roadshow with a moderately upsized $485 million deal.

In the junk bond secondary space, recent issuance and the travel sector took the lion’s share of volume.

Recent notes from NCR Corp. ended the session in a higher position, sustaining a positive trend since pricing last week.

In the travel space, Carnival Corp. & plc’s issues moved in direction directions as the cruise line canceled some routes for 2021.

Elsewhere, American Airlines Group Inc.’s paper moved down while United Airlines Holdings, Inc.’s notes diverged.

In the oil and gas space, Antero Resources Corp.’s notes rose on the heels of an announcement of early results for a two-series tender offer.

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