Sensata Technologies has $1 billion in debt pledged to finance its $1 billion acquisition of the Schrader group of companies.
Global high yield debt capital markets volume has reached a new year-to-date record. The deal volume comes as the market is dealing with a general sell-off.
NCSG Crane & Heavy Haul Corp. issued $305 million in 9.5% senior second-lien notes due 2019 in a deal downsized from $310 million (C$330 million).
U.S. Shale Solutions is planning to sell $210 million in senior secured notes due 2017. European lender 4finance is offering five-year unsecured notes to refinance existing debt.
Shenkman Capital Management acquired a team of high yield investment professionals from Brookfield Investment Management.
Sunshine Oilsands is back on the high yield bond primary market with a deal it pulled in early July. The deal size has been cut by $125 million and price talk indicates a steeply discounted offer.
Kosmos Energy sold $300 million in senior secured notes due 2021 Friday and plans to use the proceeds to refinance debt.
Tata Steel is on the market with a two-part benchmark bond offering that is expected to price this week. The Mumbai, India-based steel company will issue senior notes due 2024 and senior notes due 2020.
Nigerian oil and gas exploration and development company Seven Energy is offering $500 million in senior secured notes due 2021.It will use the proceeds to pay down existing debt.
Complete distressed debt and bankruptcy restructuring activity totaled $59.2 billion in the first half of the year, a decrease of 11.4% from the first half of 2013, according to Thomson Reuters.