Catalent boosts size as US companies keep HY alive

By Owen Sanderson
20 Feb 2020

With most high yield companies still preparing annual numbers, the primary bond market saw only two US-based issuers choosing to print unsecured deals this week. The deals were in popular industries and intended to refinance existing debt, but with the strong market backdrop one issuer opted to boost the size of its issue.

Packaging firm Silgan Holding, which makes metal containers for consumer goods and food, was in the market with a $200m add-on to its existing $400m of 4.125% senior 2028 notes, and a €500m 2028 maturing five months later.

Execution was announced as a two day affair, but it ...

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