Colfax prices; D&B on tap; TransDigm, Greif active; Tesla, Charter gain

By Paul A. Harris and Abigail W. Adams

Portland, Me., Jan. 31 – The high-yield primary market continued to roll out new deals with $1 billion pricing on Thursday and $1.35 billion slated to price on Friday.

Colfax Corp. priced $1 billion of senior notes (Ba2/BB+) in two tranches during Thursday’s session.

Dun & Bradstreet Corp. plans to price its $1.35 billion two-part offering on Friday.

Meanwhile, the secondary space continued to rip on Thursday with credit spreads tightening and names across multiple sectors riding the wave higher, sources said.

Recent deals remained in focus with TransDigm Inc.’s 6¼% notes due 2026 (Ba3/B+) and Greif Inc.’s 6½% notes due 2027 (B1/BB-) slightly improved in active trading.

Tesla Inc.’s 5.3% senior notes due 2025 were also on the rise in active trading following the company’s fourth-quarter earnings report and news that it would be able to cover the upcoming maturity of one of its convertible notes.

Charter Communications, Inc.’s split-rated notes saw large gains in active trading following its fourth-quarter earnings report.

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