| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Oldcastle BuildingEnvelope > News item |
Oldcastle on deck in junkland; Medline erases losses; CommScope under pressure
By Paul A. Harris and Abigail W. Adams
Portland, Me., April 12 – The primary market remained quiet on Tuesday with sources expecting no further new issue announcements until the conclusion of the holiday weekend ahead.
Oldcastle BuildingEnvelope (Oscar AcquisitionCo LLC) remains in the market with its $985 million two-tranche buyout deal.
Meanwhile, it was a volatile day in the secondary space on Tuesday with the market strong early in the session but fading into the close as market players digest the latest consumer price index report and its implications for the Federal Reserve’s tightening schedule.
The market was up ½ to ¾ point early Tuesday but closed the day flat to up ¼.
While the rally in the secondary space faded midway through the session, several badly battered names during Monday’s session were seeing a strong rebound.
Medline Industries’ 3 7/8% senior secured notes due 2029 (B1/B+/BB-) erased losses in active trading.
Rocket Mortgage, LLC’s 2 7/8% senior notes due 2026 (Ba1/BB+) also recouped their losses from Monday.
However, CommScope, Inc.’s senior notes continued their downward momentum with the market concerned about the impact of inflation on the network technology company’s 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.