High Yield Bonds

William Lyon, Milestone Aviation Plan HY Deals

Milestone Aviation plans to sell $350 million in senior notes due 2017. William Lyon Homes is offering $250 million in senior notes due 2022 and $50 million in add-on 5.75% senior notes due 2019.

HY New Issue Market Prices Flurry of Deals

EQT Midstream Partners, Compressco Partners, Ladder Capital and Consol Energy issued a combined $1.4 billion in new junk bonds Tuesday.

Universal Health Sells $600M in Bonds

Universal Health Systems priced a two-part bond offering that totals $600 million. The hospital operator sold $300 million in 3.75% senior secured notes due 2019 and $300 million in 4.75% senior secured notes due 2022.

Albertson’s Plans $1.625B HY Sale

Albertson’s Holdings LLC is on the market with a $1.625 billion bond offering to help finance its $9.2 billion merger deal with Safeway. The supermarket operator plans to issue senior secured notes due 2022.

Burlington Arrives at Final Price on $1.2B Loan

According to sources, the loan’s pricing is Libor plus 325 bps, with a 99.5 cents on the dollar original issue discount and a 1% Libor floor. Original price talk was between 300 and 325 bps above Libor

Formula One Sets Terms on $4.1B Loans Package

Formula One is expected to allocate its more than $4 billion in loans today after setting final terms for a facility that will fund a shareholder distribution and refinance existing debt for the promotional and management arm of the FIA Formula One World Championship auto racing circuit.

Level 3 Prices Upsized $1B HY Deal

Level 3 Communications drove by the market today to sell $1 billion in a deal upsized from $600 million. It will use the proceeds to help finance its $7.5 billion acquisition of tw telecom.

Universal Health Plans $600M HY Sale

Universal Health Systems is on the market with a two-part bond offering that totals $600 million. The bonds could price as early as today.

Harland Clarke, Unifrax Price Downsized HY Deals

Harland Clarke issued $175 million in 9.25% senior notes due 2021. Unifrax sold $45 million in an add-on 7.5% senior notes due 2019.

Level 3 Plans Bond Deal for $600M

Level 3 Communications is on the market with an offering of $600 million in senior notes due 2022. The company plans to use the proceeds to help finance its $7.5 billion acquisition of tw telecom.

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Firm: AllianceBernstein

In the news: Summer Selloff Puts HY Managers On Alert

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