Primary at $8 billion: Tegna, Level 3 upsize; Beazer Homes, WPX, Extended Stay active

By Cristal Cody and James McCandless

Tupelo, Miss., Sept. 11 – High-yield issuers continued to pour into the primary market on Wednesday with a number of deals that either priced or were being marketed.

Junk bond issuers have priced more than $8 billion of bonds week to date.

Tegna Inc. and Level 3 Financing Inc. brought a combined $2.1 billion of upsized deals to market.

iStar Inc., Core & Main Holdings LP, KeHE Distributors LLC, Installed Building Products, Inc. and Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. are all on deck or were added to the upcoming deal calendar.

Patrick Industries, Inc.’s books close on Thursday and InfraBuild Australia Pty. Ltd. is expected Friday.

In the secondary market, Beazer Homes USA Inc.’s, WPX Energy, Inc.’s and Extended Stay America Inc.’s new notes were all busy on their first trading day.

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