Booming U.S. Junk Bond Market Sees First Pulled Deal Since July
- Aethon United postponed a $700 million offering on Wednesday
- Texas-based energy company was looking to refinance debt
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Junk-rated companies are binging on debt like never before thanks to a pledge from the Federal Reserve to keep rates low and credit markets open. But not every borrower is welcome on board.
Aethon United BR LP, a Texas-based natural gas company, has postponed a $700 million high-yield bond sale that would have refinanced existing debt, according to people with knowledge of the matter who asked not to be identified because the details are private.