Five Issuers Price $1.57B in New HY

Kellerhals, Richard
August 2010
High Yield Report;8/23/2010, Vol. 21 Issue 34, p1
The article reports on five companies which have issued 1.57 billion U.S. dollars in new junk bonds, namely, Peabody Energy Corp., Cott Beverages, Cardtronics, Elan Corp. and PetroQuest Energy. It notes that Peabody Energy, which issued 650 million dollars in senior notes due 2010, will use the proceeds from the offering to redeem 650 million dollars in principal amount of its 6.875% senior notes due 2013. Also cited is the plan of Cott Beverages to use the proceeds to help fund its acquisition of juice beverage maker Cliffstar.


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