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.
Dryden 32 Euro CLO 2014 is backed primarily by euro-denominated broadly syndicated senior secured loans and bonds; however the manager can purchase non-euro-denominated obligations subject to an asset swap
Global leveraged sponsor related loan volume reached $353.2 billion in the first half of 2014, the second highest first half year on record, only falling behind 2007s $634.1 billion.
Iceland Foods, Dufry Finance and THOM Europe have put offers on the high yield primary market that would add $2.8 billion to the junk bond new issue total.
Iglo Foods sold 500 million ($683 million) in floating-rate notes due 2020. The deal was upsized from 350 million after a concurrent fixed-rate tranche was scrapped.
Prudential Fixed Income added a portfolio manager to its European leveraged finance team. Arvinder Chowdhary joined the group as a portfolio manager and principal.
Canadian fund manager First Trust is launching an actively-managed high yield bond exchange traded fund, the Toronto-based firm said.