Apr 24, 2015 – Renewable energy firm Aria Energy is looking to place $270 million loan proposal that will raise working capital funds, refinance debt and pay a distribution to its private equity sponsor.
Apr 24, 2015 – As with the previous week, exchange traded loan and bond ETFs saw most of the love, while mutual funds were out of favor.
Apr 24, 2015 – Construction and heavy equipment leasing firm Ahern Rentals is heading to the high yield bond market with a $500 million second-lien notes offering, according to KDP Investment Advisors.
Apr 24, 2015 – UK cable communications firm Virgin Media issued $500 million in add-on secured notes to an existing 5.25% issue due 2026, according to KDP Investment Advisors.
Apr 24, 2015 – DJO Finance completed a downsized $1.015 billion notes offering that priced Thursday at par with a coupon of 8.125%.
Apr 24, 2015 – Prestige Brands is putting a new $853 million term loan facility to refinance and retire a pair of existing loans, according to sources close to the deal.
Apr 24, 2015 – According to reports, the final price is 375 bps over Libor, as well as a 99.5 cents on the dollar original issue discount and a 0.75% Libor floor that matches the existing loan $375 million term loan bank facility due 2020.
Apr 24, 2015 – Education publisher Houghton Mifflin Harcourt Publishers has launched a $500 million, six-year term loan B that will help fund its acquisition of the education technology and services unit (EdTech) of Scholastic Corp., according to reports.
Apr 23, 2015 – Fortescue Metals Group (FMG) increased its junk bond offering to $2.3 billion. The seven-year notes priced at 97.608% of par.
Apr 23, 2015 – The deal will contain two dollar-denominated tranches: $1.125 billion of eight-year senior notes and $1 billion of 10-year senior notes.
Apr 23, 2015 – Final commitments are due Thursday for an upsized $1.43 billion term loan offering that flexed Wednesday for DJO Finance, which is seeking to place$2.55 billion in notes and loans into the debt markets as part of a major repricing effort.
Apr 23, 2015 – Oil exploration and production company Seven Generations Energy upsized and priced its high yield bond offering Wednesday.
Apr 22, 2015 – Diagnostic imaging center owner and operator RadNet Management plans to launch a $75 million first-lien term loan add-on Thursday to repay borrowings under its revolver credit facility, as well as general corporate purposes.
Apr 22, 2015 – It intends to use the net proceeds, along with funds from operations, cash and its undrawn $480 million credit facility, to fund continued development of the Kakwa River project.
Apr 22, 2015 – Halcon priced $700 million of second-lien five-year notes in an upsized driveby offering; Lennar issued $500 million of 10-year senior notes.
Firm: Eagle Point Credit Management