Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Oldcastle BuildingEnvelope > News item |
Oldcastle at a premium; VICI active on upgrade, new offering; Spirit Aerosystems weaker
By Abigail W. Adams
Portland, April 18 – The domestic high-yield bond primary market remained quiet on Monday on a slow return from the long holiday weekend.
Sources were mixed on what to expect for new issuance in the coming week.
While some high-quality credits were heard to be in the wings with offerings, those deals are largely dependent on Treasuries.
Meanwhile, the secondary space was equally quiet on Monday with the market flat on thin volume.
Oscar AcquisitionCo LLC’s (Oldcastle BuildingEnvelope) 9½% senior notes due 2030 (Caa1/CCC+), the only deal to price the previous week, was trading at a premium to their deeply discounted issue price.
VICI Properties Inc.’s senior notes were active after achieving rising star status following its latest split-rated offering to fund the buyout of MGM Growth Properties.
Spirit AeroSystems, Inc.’s 4.6% senior notes due 2028 (Caa1/CCC+) were weaker in active trading.
© 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.