| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Encore Capital Group, Inc. > News item |
Tegna prices; CNX adds on; $5.7 billion added to calendar; Tenet below par; GTT soars
By Paul A. Harris and Abigail W. Adams
Portland, Me., Sept. 8 – The domestic high-yield primary market leapt back into action on Tuesday despite continued volatility.
Two deals totaling $770 million priced and $5.7 billion face amount of deals joined the forward calendar.
Tegna Inc. priced an upsized $550 million of 5.5-year senior notes (Ba3/BB-) and CNX Resources Corp. priced a $200 million add-on to its 7¼% senior notes due March 14, 2027 (B3/BB-).
The European primary market was also active with Center Parcs pricing a £250 million issue, Virgin Media Inc. announcing a £2.45 billion equivalent three-tranche offering and Encore Capital Group, Inc. marketing a €300 million offering.
Meanwhile, in the secondary space WillScot Mobile Mini Holdings Corp.’s 4 5/8% senior notes due 2028 (B3/B+) were active and trading off alongside the broader market.
Tenet Healthcare Corp.’s 6 1/8% senior notes due 2028 (Caa1/CCC+/B) remained active with the notes sinking below par.
While the overall market was soft, GTT Communications Inc.’s 7 7/8% senior notes due 2024 skyrocketed following news of an asset sale.
© 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.