Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bulk Industrier AS > News item |
Cimpress prices; Callon stuck at par; L Brands active on exchange offer; Talen gains
By Abigail W. Adams
Portland, Me., June 1 – While new deal volume was light throughout the week, the domestic and European primary market saw some action on Friday.
In the lone dollar-denominated deal of the day, Cimpress NV priced $400 million of eight-year senior notes (B1/B+) on Friday at par with a coupon of 7%.
As Cimpress brought a new deal into the market to refinance its outstanding 7% notes due 2022, those existing notes were active, a market source said.
In the European market, Etrion Corp. priced €40 million of three-year senior bonds with a coupon of 7¼% and Bulk Industrier AS priced NOK650 million of three-year secured bonds on Friday.
The new deal pipeline is expected to pick back up in the week ahead, market sources said.
Meanwhile, Callon Petroleum Co.’s newly priced 6 3/8% senior notes due 2026 (B3/B+) were again the major volume movers in the secondary space although the notes remained “stuck” at par, a market source said.
Talen Energy Corp.’s junk bonds were again on the rise on Friday with the notes seen up 1.5 to 2.5 points in decent trading volume after the future of the energy company’s Colstrip power plant was discussed at an energy summit in Montana.
L Brands, Inc.’s junk bonds were also active and making gains after the company announced an exchange offer.
© 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.