NEW YORK, Sept 4 (IFR) - Sprint Corp is set to print
the biggest US high yield deal of the year on Wednesday, giving
a shot of confidence to the market that is expecting to see as
much as USD30bn of supply this month.
Aug 14 (IFR) - T-Mobile USA made its debut in the US
high-yield market on Wednesday with a US$500m debt offering that
allowed investors take a bet on the carrier's ability to find a
niche in the fiercely competitive US wireless telecom business.
Aug 13 (IFR) - American Airlines unsecured bonds tumbled
sharply in price in the secondary market on Tuesday, traders
said, after the Justice Department filed a suit to block the
merger of the company's parent with US Airways - a tie-up that
would create the largest US carrier.
July 19 (IFR) - As US Treasuries have stabilized and yields
tighten anew, bankers are optimistic that pending M&A trades in
the US high-yield bond market will find strong demand from
investors - and not hurt the underwriters bringing the deals to
NEW YORK, June 24 (IFR) - Tenet Healthcare joined the
high-yield pipeline of M&A deals on Monday, announcing plans to
acquire smaller rival Vanguard Health Systems for USD4.3bn,
including the assumption of USD2.5bn of debt.
NEW YORK, June 21 (IFR) - Unrelenting volatility has kept
junk-rated borrowers out of the funding markets in recent days.
But with commitments for its M&A financing already in place,
pharmaceutical giant Valeant has little option but to tackle a
tumultuous market head on with a mega-sized deal.
NEW YORK, June 21 (IFR) - Dish Network Corp said on Friday
it will redeem bonds issued in May to finance the bid for Sprint
Nextel that it abandoned earlier this week, cheering bondholders
who stand to make a profit on the debt.
NEW YORK, June 13 (IFR) - Yankee Candle called off plans
Thursday to raise $1.4 billion in fresh capital, withdrawing a
bond issue and term loan amid tough and volatile conditions in
the US financing markets.
NEW YORK, June 5 (IFR) - High-yield issuers have largely
remained on the fence this week as broader volatility continues
to put downward pressure on the market.
NEW YORK, May 29 (IFR) - As Treasuries sold off in recent
days, the higher quality segment of the high-yield market has
taken a hit, but bankers indicate that most borrowers won't let
this affect their plans to come to market.