High Yield End of Day Wrap Up

No new high-yield deals priced Monday, but books were prepped and continued to build for deals set to price over the next couple days of this holiday shortened week. The overall positive tone remained in place for the high-yield market today, though volume remains low. The biggest deal in the pipeline is the two-part $1.55 billion deal for coal miner Murray Energy being brought along with a loan to fund its bid to acquire voting control of Foresight Energy as well as tender for existing 8.625% and 9.5% paper. Commitments are due by close of business Wednesday and the new bonds are expected to start trading Thursday morning. Radio One, Interval Acquisition Corp and Sabre GLBL Inc. round out the forward calendar.

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