Primary quiet, Vivint on tap; new Jefferies, AMC, Waterworks busy; Scientific Games gains

By Paul Deckelman and Paul A. Harris

New York, July 24 – The last full trading week of July opened on a quiet note on Monday, as syndicate sources reported no pricing activity in dollar-denominated and fully junk-rated paper.

However, the sources said that security alarm and home automation company Vivint, Inc. will price a $400 million seven-year note issue on Tuesday.

They also saw upcoming new deals from homebuilder Ashton Woods USA LLC and insurance brokerage services provider AssuredPartners, Inc.

Among recently priced junk bond offerings, traders saw fairly brisk activity in the new issues from Jefferies Finance LLC, AMC Networks, Inc. and CD&R Waterworks Merger Sub, LLC.

Away from the new or recently priced deals, Hertz Corp. notes were seen spinning their wheels, although there was no fresh news out on the car-rental giant.

Scientific Games Corp,’s bonds and shares firmed smartly after the gaming technology company reported a smaller second-quarter loss and better revenues than analysts were expecting.

Statistical market performance measures were mixed for a second consecutive session on Monday. They had turned mixed on Friday, after having improved on Wednesday and remained strong on Thursday, following a mixed performance last Tuesday.

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