International

Sensata Gets $1B Debt Pledge for Schrader Buy

Sensata Technologies has $1 billion in debt pledged to finance its $1 billion acquisition of the Schrader group of companies.

Global HY Volume Reaches YTD Record

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 Taps HY Market for $305M

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, 4finance Offer New Notes

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 Adds European HY Team

Shenkman Capital Management acquired a team of high yield investment professionals from Brookfield Investment Management.

Sunshine Oilsands Returns with $200M HY Deal

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 Sells $300M in Bonds

Kosmos Energy sold $300 million in senior secured notes due 2021 Friday and plans to use the proceeds to refinance debt.

Tata Plans Two-Part Benchmark Bond Offer

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.

Seven Energy Plans $500M Bond Sale

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.

Distressed Deal Volume Drops 11.4% from 2013

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.

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Margaret Patel

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Firm: Wells Capital Management

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