• Cheap-money debt party winds down; debut junk issuers surface; volatility sidelines convertibles

• Beazer Homes aims to cut leverage to low twos by year-end 2022
• Charter has 4.39x leverage ratio; execs plan to keep it around there
• GasLog cuts leverage ratio to 4.3x, retires $108 million debt in 2021
• Halliburton keeps chipping away its debt, CEO expects a strong 2022
• Hawaiian: Few options to de-lever; prepays $441 million debt in 2021
• Levi Strauss leverage drops to 1.2x, lowest ratio since 2019
• Navient reduces unsecured debt by 16%, buying $2.6 billion, selling $1.25 billion
• NextEra refinances $5.2 billion of debt in Q4, pushes out maturities
• Verizon cuts debt costs, raises debt levels by pushing out maturities

• Banks return post-earnings; VistaJet, Community Health price junk; Romania prices in EM

• American Airlines targets $15 billion of debt; revenues recovering
• United still targets leverage below 4x in 2023 and below 2.5x in 2026

• Bond issuers bring megadeals in high-grade, junkbondland and emerging markets spaces

• Arko top executive touts good liquidity, including $300 million cash
• Avantor pursues M&A activity; company still prioritizes deleveraging
• Charles River Labs lifts leverage target after M&As to 3.5x from 3x
• Corus cuts leverage ratio to 2.66x from 2.76x through free cash flow
• Crocs expects 2x or under leverage by 2023; cash flow to repay debt
• Delta repays $1 billion, has $1.2 billion more debt due this quarter
• JPMorgan CEO: Increase in M&A, economy doing fine despite headwinds

• Investment-grade, emerging markets back to big business; high-yield in warm-up mode

• Gannett keeps repaying debt via cash flows, cuts coupon rate to 5.8%
• Micron to strengthen already adequate inventory to mend supply issues
• Murphy Oil intends to de-lever at least as much in 2022 as in 2021
• Nvidia has strong demand in face of weak supply for several quarters
• Uniti achieves target leverage range, aims for 5.75x for flexibility

• Outlook 2022: Corporate bond markets may not set records in year ahead; rates eyed

• FuelCell cuts debt dramatically; firm helps others go carbon neutral

• CalAmp has high liquidity despite debt, bemoans supply-chain issues
• General Mills buys shares, pays dividends as debt rises, cash falls
• Micron redeems notes; debt sale increases weighted average maturity
• Rite Aid eyes store closures to boost profits; debt paydown on pause

• Debut debt issuers abound in tapering marketplace as primary market starts to shutter

• Brink’s aims to cut total leverage to 1.3x from 3.5x by year-end 2024
• Delta: High free cash flow to repay debt, de-lever over three years
• Lennar keeps reducing debt, with $1.15 billion of notes paid in 2021
• Lowe’s expects to return to 2.75x leverage ratio within two years
• Navios will reduce debt by 40% to $722 million via $550 million refi
• Perimeter Solutions intends to cut debt by $246.5 million by year-end
• Uber believes balance sheet, delivery business protect from downturns

• Junk primary active; Pemex works to manage debt; convertible primary sees $3.47 billion

• CBRE keeps leverage low in aspiration of big investment opportunities
• Charter investors react to CEO’s plans to keep buying equity, no M&A
• Clarivate says $1 billion free cash flow to be used for acquisitions
• Ford hopes to be top EV maker, aims to take second place in two years
• Hovnanian repays $171 million debt; net leverage ratio drops to 3.1x
• Science Applications de-levers, but favors buying shares over debt

• Daimler Trucks readies for spinoff in IG; convertibles, preferreds active; issuance tapers

• Clarivate to lever to 4x-plus for acquisitions, will de-lever by 2023
• Curo reports good pricing for bonds funding $360 million acquisition
• Dole cuts leverage to 2.76x, grows adjusted EBITDA, revenue despite supply chain
• Rent-A-Center stays on track for leverage goal despite share buybacks