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High Yield Bonds

Athlon Taps Bond Market for $650M

Fort Worth, Texas-based Athlon Energy issued $650 million in 6% senior notes due 2022. Endeavor Energy sold $250 million in add-on 7% senior notes due 2021.

Rice Energy Prices $900M in HY

Rice Energy sold $900 million in a junk bond offering Thursday that was upsized from $750 million. It plans to use the proceeds to repay and retire its second-lien term loan debt.

Denbury Sells $1.25B in Bonds

Oil and natural gas provider Denbury Resources sold $1.25 billion in a bond offering upsized from $1.1 billion. The company plans to use the proceeds to repurchase existing bonds. The Plano, Texas-based company will use the proceeds to repurchase all of its $996.3 million in 8.25% senior subordinated notes due 2020 via a tender offer.

Three HY Veterans Launch Advisory Firm

Martin Fridson, Richard Lehmann and Michael Livian, have launched Lehmann, Livian, Fridson Advisors LLC (LLFA), a new investment advisory firm.

Athlon to Tap HY Market for $500M

Athlon Energy is on the market with an offering of $500 million in senior notes due 2022. The company will use the proceeds to help fund acquisitions.

Denbury Selling $1.1B in Bonds

Oil and natural gas provider Denbury Resources is selling $1.1 billion in senior subordinated notes due 2022. The company plans to use the proceeds to repurchase existing bonds.

Florida East Coast Sells $1.15B in HY

Jacksonville, Fla.-based freight railroad operator Florida East Coast Holdings priced a two-part, $1.15 billion high yield bond offering Tuesday.

Time Inc. Sells $700M in Bonds

Media company Time Inc. sold $700 million in 5.75% senior notes due 2022 in an offering upsized from $500 million. Parsley Energy, added on $150 million in 7.5% senior notes due 2022.

Caesars Sells $675M in Bonds

Caesars Entertainment priced $675 million in 9.375% senior secured, second-lien notes due 2022. Proceeds from the bonds will help finance a $2.2 billion asset sale.

Andrew Wilmont Joins Neuberger Berman

Andrew Wilmont has joined Neuberger Berman Group as lead European high yield portfolio manager. Wilmont was most recently the head of high yield investments at Alcentra.

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