High Yield Bonds

TreeHouse Breaks U.S. HY Bond Drought

TreeHouse Foods priced its high yield bond offering late-day Thursday. The deal is the first U.S. spec-grade issue to price is over a week.

IACPM: Worries Surge on Deteriorating Credit Conditions

A quarterly survey polling the opinions of credit managers show a “clear consensus” that credit conditions will worsen over the next three months.

Another Week, Another $2B Out of HY

Junk bond investors had another week of yanking assets from mutual funds and exchange-traded funds in the asset class. The same went for loans which saw the 26th consecutive week of withdrawals.

Zink Firm Horsehead Defaults on Notes Coupon

Horsehead Holding Corp. has been hit with a selective default rating by Standard & Poor’s after the zinc producer missed a $1.9 million coupon payment on its $100 million convertible notes issue this week.

TreeHouse in Market with $775M Junk Bond Deal

Proceeds from the eight-year notes will be used to partially fund its $2.7 billion acquisition of the private brands business of ConAgra Foods.

How a Verso Ch. 11 Could Play Out for its Investors

The paper producer's could leave its debt holders with “weak recoveries”, Fitch Ratings said Wednesday.

Commercial Metals Offers Tender for 6.5%, 7.35% Notes

Commercial Metals Company is looking to purchase a portion of two of its high yield bond issues in a tender offer.

Coal Co. Foresight Buys More Time with Bondholders

Foresight Energy plans to take a little more time making a payment to holders of its 7.875% bond due 2021.

Canadian Oil Sands Downgrade Still Possible

The $2.9 billion announced acquisition of Canadian Oil Sands Ltd. (COS) by A-rated Suncor Energy will not necessarily head off a potential downgrade of COS’ unsecured debt to junk status, according to Moody's.

PetroQuest Plans Distressed Debt Exchange

The exploration and production company is offering holders of its 10% senior notes due 2017 the opportunity to swap out the debt for a new bond, cash and stock.

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