CREDIT DAYBOOK AMERICAS: LG Tapping IG as Sales Top $24 Billion

Korean electronics giant LG kicked off activity in the US investment-grade primary market Thursday, announcing a two-part deal that includes a sustainability bond. Meanwhile, a lender call is scheduled for a $3.6 billion amended and extended first lien term loan for KKR-backed medical transport provider Global Medical Response.

• The sentiment in the broader market is positive, with a key gauge of perceived credit risk tightening and global markets steadying after turbulence earlier this week
  • Average high-grade spreads have widened for four straight trading sessions to 93 basis points, widest since March 12
• LG plans to use the proceeds from the ...