• 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

• High-grade, convertible bonds surge in volume ahead of holiday; junk, preferreds steady

• Macy’s achieves IG and drops target leverage ratio dramatically to 2x
• Vivint saves big in annualized interest expense, lowers cost of debt
• Warner Music refi leaves no maturities until 2028; cost of debt falls

• DISH leads HY week; convertibles active with five new issues; Westpac sells megadeal

• AerCap targets 2.7x leverage in 2022 with $23 billion debt sold in Q3
• Cano Health intends to de-lever from 4.9x using operating cash flows
• SeaWorld refi cuts debt, pushes out maturities, increases liquidity
• TreeHouse has lowest debt level in five years; leverage drops to 3.9x

• Crossover debt week has some issuers reaching for IG status; PIK deals turn up; convertible sector wakes

• Catalent aims to de-lever naturally after raising $1.1 billion debt
• Cheniere, subsidiaries to pay down at least $1 billion debt annually
• CURO refi pushes maturities out three years, lowers coupon by 75 bps
• Kennedy-Wilson Q3 refi leaves no unsecured debt maturing until 2025
• Mondelez pledges net-zero emissions after first-ever green bond sale
• onsemi sees record revenue in Q3, expects demand to continue in 2022
• Sunoco lowers financing costs, fortifies balance sheet via Q4 refi
• Weatherford completes major refi, improves metrics despite challenges

• CA Magnum leads junk issuance; Peru prices megadeal; preferreds active as October wraps

• Hawaiian withstands Covid, begins to repair balance sheet, cut debt
• Hess Midstream unit buy cuts ratio to 3x; leverage to fall even more
• MSCI cash stays high, despite notes sale, redemption and acquisition
• Royal Caribbean predicts rapid turnaround, cash flow positive in 2022
• Triton swaps secured debt for unsecured, rated IG by S&P, Fitch
• United Rentals debt refi, free cash flow cut leverage by 10 bps in Q3

• AerCap acquisition deal prices with heavy demand; banks kick off fresh round of new deals

• American plans ‘significant, steady and continuous debt reduction’
• Mattel free cash flow drives down leverage; few supply-chain issues
• Southwest Airlines has more cash than outstanding debt, CFO reports
• TechnipFMC aims to decrease debt, de-lever to boost capital structure
• Truist sees momentum in commercial loans, awaits more as Covid abates
• United hopes to repay debt economically, expects 4x leverage in 2023
• Verizon CFO: Cash balances to fall in Q4; deleveraging a top priority

• An epic journey, provincial, sovereign and inaugural issuance marks corporate debt week

• Aircastle cuts net debt-to-equity ratio; industry demand remains low
• Bank of America CEO: U.S. economy growing faster than pre-pandemic
• Citigroup CEO: Client sentiment upbeat; cash flows drive deleveraging
• Delta allots $500 million to incremental debt reduction initiatives
• Walgreens targets IG credit ratings, may up leverage for acquisitions

• High-yield bonds price with actual high yields; EM awaits direction; convertibles quiet

• Clear Channel ignores leverage until recovery is secure, M&A explored
• Hovnanian repays $181 million of debt in Q3, plans to refinance more
• ModivCare to use cash from Matrix to de-lever, barring acquisitions
• Outfront Media may call notes in June, has plenty of liquidity, cash

• Sept. 27 week: Medline’s “downsized” LBO deal steals show; Analog Devices sells big refinancing deal

• Bed Bath & Beyond touts $2 billion of liquidity after revolver upsize
• Crown Castle says fixed-rate, long-term debt keeps inflation at bay
• McCormick still prioritizes debt repayment with rising long-term debt
• Micron eyes stock buyback, dividend after retiring debt, convertibles
• United Natural cuts leverage to 3.1x, will repay $100 million of debt