Americas Maturities & Pipeline – May 2024

Relevant Items: Credit Cloud Search of Securities Maturing Through 2025 Download of Upcoming Maturities Key Takeaways   Credit Cloud search reveals 256 Americas companies with debt maturing through 2025. Search for the securities can be found HERE. The table that includes price, yield, leverage and Moody’s Investors Service rating can be downloaded HERE. New bond issues in May for select consumer discretionary companies, namely companies involved in the automotive supply chain, and energy companies performed well, as compared with expectations, as measured by bond performance subsequent to pricing. Strength could benefit other companies within these sectors or provide a window for companies within these sectors to refinance maturing debt. Within automotive, wheel manufacturer Superior Industries and retailer Penske Automotive have both indicated that they are actively exploring options to refinance near-term maturing debt. Within energy, Crescent Energy, Vertex Energy, KLX Energy Services and Forum Energy Technologies have all indicated on their recent first-quarter earnings calls that they could be exploring potential refinancing options. Reorg previews potential ModivCare new issuance. Credit Cloud Search of Debt Maturities Through 2025 A list of companies with medium-term maturities is provided below: (Click HERE to download the entire list.) Companies Indicating Possible Refinancing Activity A[...]