May 22, 2015 The proceeds will be used to fund a tender offer for its 9.75% 2nd lien notes 2021. Bookrunners on the SEC-registered deal were Citigroup, Barclays, Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and Wells Fargo
May 22, 2015 Wendys Company's this week priced a $2.275 billion securitization of its franchise fees via WEN Series 2015-1. While its yields may be slightly higher than similar tranches of the previous whole business securitization by Dunkin Brands in January, but its whole business deal is still less expensive than the single-B rated company's corporate debt.
May 22, 2015 The proceeds will be used for general corporate purposes and to repay a credit facility and revolver.
May 22, 2015 Dollar Tree has caught the repricing wave and will meet with lenders next week to discuss new terms for a $3.95 billion term loan B, including splitting up the borrowings between floating and fixed-rate tranches.
May 22, 2015 The 6.875% eight-year bonds priced at 99.553% of par, to yield 6.95%.
May 22, 2015 Long-haul marine transportation operator U.S. Shipping has launched a $255 million first- and second-lien loans proposal, and will meet with bankers next week through bookrunner RBC.
May 22, 2015 Red Lobster has lender consents due today on a loan amendment proposal permitting the seafood restaurant chain to open a new $175 million asset-backed revolver.
May 21, 2015 Despite plans to raise $13 billion of new incremental debt through the transaction, CVS Health Corp. is not expected to face a downgrade from its investment grade status following its agreement to purchase Omnicare Inc. for $12.7 billion.
May 21, 2015 Berry Plastics has launched an offering of $700 million of new second-lien unsecured notes that will be used to fund the buyback of its $800 million of outstanding 9.75% second-lien notes due in 2021.
May 21, 2015 After $2.1 billion in HY defaults in April, Fitch Ratings reported Thursday that an additional $1.7 billion of bond defaults are expected in May and June with a preponderance of them derived from the energy and metals/mining sector.
May 21, 2015 Investors added to bank loan mutual funds for second consecutive week, while bond funds returned to favor after suffering four consecutive weeks of withdrawals.
May 20, 2015 The exploration and production company plans to use the proceeds to redeem its 8% bonds due 2020 and to repay revolver borrowings.
May 20, 2015 The master limited partnership sold $1 billion in senior notes due 2027. The bonds priced at 98.5% of par.