| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Skillz Inc. > News item |
Primary goes quiet; secondary firm post-CPI; WeWork, Howard, FirstCash at premiums
By Paul A. Harris and Abigail W. Adams
Portland, Me., Dec. 10 – On the heels of the week's $6.6 billion burst of issuance – possibly the final hurrah of the 2021 primary market – the Friday session did not generate any news.
One deal remains on the forward calendar heading into the Dec. 13 week – debut issuer Skillz Inc.’s $300 million offering of five-year first-lien secured notes.
Meanwhile, the secondary space remained firm on Friday following the November Consumer Price Index report which recorded the fastest growth in consumer prices in nearly 40 years.
With the report largely falling in line with expectations and the 10-year Treasury yield falling below the 1.5% threshold to close at 1.48%, the secondary space continued to rally back from the volatility of the previous week.
New and recent issues continued to be the area where market players put their money to work.
WeWork Cos. LLC/WW Co-Obligor’s 5% senior notes due 2025 (CCC+/CCC-), Howard Midstream Energy Partners, LLC’s 6¾% senior notes due 2027 (B3/B), and FirstCash, Inc.'s new 5 5/8% senior notes due 2030 (Ba2/BB) were all trading at premiums to their issue prices.
Southwestern Energy Co.’s 4¾% senior notes due 2032 (Ba3/BB/BB) also continued to gain in active trading with Friday a strong day for energy.
© 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.