Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alight Solutions > News item |
Melco Resorts, Alight Solutions add-on price; MTS Systems, Horizon Pharma on tap
By Paul A. Harris and Abigail W. Adams
Portland, Me., July 10 – The domestic high-yield primary market saw an uptick of activity on Wednesday with two deals pricing and two more set to price during Thursday’s session.
Melco Resorts Finance Ltd. priced an upsized $600 million issue of eight-year senior notes (expected Ba2/confirmed BB) at par to yield 5 5/8%.
The new paper was in focus and making gains in the secondary space after breaking for trade.
Alight Solutions also priced a $280 million add-on to the Tempo Acquisition LLC and Tempo Acquisition Finance Corp. 6¾% senior notes due June 1, 2025.
The activity will continue on Thursday.
MTS Systems Corp. is on deck with an upsized $350 million offering of eight-year senior notes (B3/B+).
And Horizon Pharma USA, Inc. is planning to price a $500 million offering of eight-year senior notes (expected ratings B1/B+).
The European primary market also saw some action with Domestic & General planning a roadshow for a £630 million three-part offering.
Crude oil futures also helped lift the secondary space as they reached their highest level in seven weeks.
McDermott International, Inc.’s 10 5/8% senior notes due 2024 jumped in high-volume activity on Wednesday after the company announced it had been awarded a substantial contract.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.