High Yield Bonds

HY Bond Trading Volumes Increase

Junk bond secondary trading volumes have increased this month over August, with month-to-date daily trading averages making the promise of a new trading record.

Service King Narrows Discount, Adds Step-Down to Loans

The Dallas-based collision repair center operator’s proposal was priced at Libor plus 375 bps, after initial talk of 375 to 400 bps over Libor, as well as an original issue discount that was narrowed to 99.5 cents on the dollar from 99 cents.

Four Issuers Price $1.63B in HY

American Airlines, Simmons Foods, Anixter International and SFX Entertainment came to the junk bond primary market Thursday and priced new notes.

Investors Take $1.2B Out of HY Funds

Investors took more than $1 billion out of junk bonds for the week. Loan funds also saw an increase in weekly outflows.

Five Cos Plan $1.82B in HY Sales

American Airlines, RSP Permian, Simmons Foods, Anixter International and SFX Entertainment are planning to sell new junk bonds on the primary market.

Alcoa Issues $1.25B in New Notes

Alcoa issued a $1.25 billion benchmark bond offering and plans to use the proceeds to help finance its $2.85 billion acquisition of Firth Rixson.

Aecom Taps HY Market for $1.6B

Aecom sold $1.6 billion in bonds to help it finance its $6 billion acquisition of URS Corp. The offering is part of a larger, $6.3 billion debt effort.

Aecom Tightens Pricing After Downsized Loan

Aecom Technologies has shifted $75 million between a pair of resized term loan offerings, as part of its overall $6.3 billion debt offering it is using to help finance its acquisition of URS Corp.

Three Issuers Offer $765M in HY

Tembec Industries is selling $375 million in senior secured notes due 2019. Gamestop plans to price $250 million in senior notes due 2019. JAC Products is offering $140 million in senior secured notes due 2019.

Zebra To Meet With Lenders for $2.25B Offering

A lender meeting is scheduled for Thursday for a $2.25 billion in loan offerings by Zebra Technologies, a proposal that is part of an overall $3.5 billion issue of new credit facilities to fund its announced acquisition of a Motorola Solutions business unit.


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Eric Needleman


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In the news: Bulge-Bracket Cedes Ground on Smaller Deals

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