High Yield Bonds

News

Lyondell Seeks $3.25B for Exit Financing

LyondellBasell is looking to raise $3.25 billion in exit financing, the Houston-based company said late Thursday. The package will include both junk bonds and a senior term loan facility. The chemical company plans to issue $2.25 billion...

HY Fund Inflows Set Record

High yield bond funds took in more than $1 billion for the week ending March 10, research firm EPFR Global said today. The total marks the highest weekly inflow since the firm began tracking fund flows...

Banks Prep $150M TLB, Notes for Prestige Brands

Bank of America Merrill Lynch and Deutsche Bank have arranged a $150 million term loan B and $150 million in senior notes for Irvington, N.Y.-based Prestige Brands...

GMAC Drives By with Upsized $1.5B Deal

Financial services giant GMAC launched a successful drive-by on the high yield market Wednesday, taking in $1.5 billion in an upsized offering...

Steel Dynamics Plans $300M HY Bond Sale

Fort Wayne, Ind.-based steel producer Steel Dynamics is striking while the high yield bond iron is hot, in hopes of raising $300 million to repay debt, it announced today...

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Articles

Tribune Is Credit Market’s Next Battlefront

There is brawl underway in the Windy City, but not between fans of the Cubs and the Sox. Bondholders of media giant Tribune are rumbling with the banks that arranged the company’s...

Drop in HY Credit Quality Raises Worries

Lower quality credits are finding a welcome reception on the junk bond market, and that worries some high yield players. But while some investors and analysts fear the market is too welcoming, others point out that most high yield deals are still being used to refinance more expensive debt...

Health Care Gives Markets a Shot in the Arm

Are health care deals just what the credit doctor ordered? Some market participants think so, seeing as a few recent health care issues have garnered a lot of attention...

Companies Consider Junk Bonds to Exit Ch. 11

The way out of the deep hole of bankruptcy could be a ladder of junk. As increasing numbers of companies climb out of Chapter 11 protection, more have begun to consider junk bonds to finance their exits...

Europe's HY Market Settles into Normalcy

There was the year-long drought. Followed by the six months of feeding frenzy. And now? Recent signs on Europe’s high yield bond market point to increasing selectivity and prudence by investors...

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