HIGHYIELD CLOSE-April closes out with Ardagh jumbo

* HY primary expected to finish week with US$6.25bn

* CDX HY26 0.2605 lower

* Most actively traded Western Digital (Hamburg: 985376.HM - news) 10.5% '24s

* No announced deals in pipeline

By Mike Gambale

NEW YORK, April 29 (IFR) - Below is a recap of primary issuance activity in the US high-yield market on Friday:

Number of deals priced: 2

Total (LSE: 524773.L - news) volume: US$3.9bn

PRICED:

ARDAGH PACKAGING

Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. announced a US$/E2.85bn (equivalent) 2-tranche note offering via CITI (sole). Co-managers are BARC/GS/DB. US$/E2bn (equivalent) 7-year nc3 senior secured and a US$/E850m 8-year nc3 senior unsecured notes. 144a/RegS w/o reg rights. US$101 COC put.

UOP: To pay part of the cash consideration (and associated fees and expenses) for the acquisition from Ball Corporation ("Ball") and Rexam PLC (LSE: REX.L - news) ("Rexam") certain metal beverage can manufacturing assets and support locations in Europe, the United States and Brazil once Ball's proposed offer for Rexam completes. BIZ: Ardagh Group is a Luxembourg-based producer of glass and metal products.

Moody's ratings: Sr secured Ba3/BB, sr unsecured B3/CCC+.

WHISPER: 7-year nc3 sr sec 5% area, 8-year nc3 sr unsecured 8% area.

PRICE TALK: $ sr sec $500m 5NC1 FRN at L+325bp at 99 -99.5, $1bn sr sec at 4.75% area, EUR sr sec $500m euro-equiv at 4.25% area, $ sr unsec $1.65bn at 7.5% area, EUR sr unsec $850m euro-equiv 7% area. Additional proceeds: Repay 9.125% 2020s.

LAUNCH: US$3.15bn 3-tranches.

- US$1bn secured fixed rate notes at 4.625%

- US$500m secured floating-rate 5-year nc1 at L+325 at US$99.50

- US$1.65bn unsecured fixed rates notes at 7.25%.

PRICED: US$/E4.5bn (equivalent) 5-tranche deal. US$101 COC put. Settlement date 5/16/16.

- US$500m. rated Ba3/B+. Cpn 3mL+325bp. Due5/15/21 NC1. Ip US$99.50. First (Other OTC: FSTC - news) pay 8/15/16. MWC T+50bp. Call schedule: 2017 at 102% 2018 at 101%, 2019 and thereafter at par. Citigroup (Swiss: C.SW - news) (sole). Cusip # 03969AAK6.

- US$1bn. rated Ba3/B+. Cpn 4.625%. Due 5/15/23 NC3. Ip par. Yld 4.625%. +299bp vs. 1.5% 3/31/23 UST. MWC T+50bp. First pay 11/15/16. Call schedule: 2019 at 102.313%, 2020 at 101.156%, 2021 and thereafter at par. Equity clawback 40% at 104.625% prior to 5/15/19. Citigroup (sole). Cusip # 03969AAH3.

- E440m. rated Ba3/B+. Cpn 4.125%. Due 5/1523 NC3. Ip par. Yld 4.125%. +413bp vs. DBR 1.5% 5/15/23 UST. First pay 11/15/16. Call schedule: 2019 at 102.063%, 2020 at 101.031%, 2021 and thereafter at par. MWC B+50bp. Equity clawback 40% at 104.125% prior to 5/15/19. CITI(left)/BARC/GS/DB. ISIN # XS1406669801.

- US$1.65bn. rated B3/CCC+. Cpn 7.25%. Due 5/1524 NC3. Ip par. Yld 7.25%. +562bp vs. 2.5% 5/15/24 UST. MWC T+50bp. First (Shanghai: 603806.SS - news) pay 11/15/16. Call schedule: 2019 at 105.438%, 2020 at 103.625%, 2021 at 101.813%, 2022 and thereafter at par. Equity clawback 40% at 107.25% prior to 5/15/19. CITI(left)/BARC/GS/DB. Cusip # 03969AAJ9.

- E750m. rated B3/CCC+. Cpn 6.75%. Due 5/15/24 NC3. Ip par. Yld 6.75%. +676bp vs. DBR 1.5% 5/15/24. First pay 11/15/16. Call schedule: 2019 at 105.063%, 2020 at 103.375%, 2021 at 101.688%, 2022 and thereafter at par. Equity clawback 40% at 106.75% prior to 5/15/19. CITI(left)/BARC/GS/DB. ISIN # XS1406670130.

UNITED RENTALS INC (NYSE: URI - news)

United Rentals Inc, rated B1/BB-, announced a US$750m 10-year nc5 SEC (Shanghai: 603988.SS - news) -Reg senior note offering via BAML(left)/BARC/CITI/DB/JPM/MS/MUFJ/WFS. First call at par plus 50% of coupon. Equity clawback up to 40% prior to 11/15/19. US$101 COC put. UOP: Proceeds from the sale of the Notes are expected to be approximately $739 million, after underwriting discounts and commissions and payments of estimated fees and expenses.

URNA intends to use the net proceeds from its offering of the Notes and additional borrowings of $144 million under its senior secured asset-based revolving credit facility to redeem all of the outstanding $300 million principal amount of its 8.25% Senior Notes due 2021 at a redemption price of 104.125% and $550 million of the outstanding $750 million principal amount of its 7.375% Senior Notes due 2020 at a redemption price of 103.688%, in each case, plus interest accrued to the date of redemption, and to pay the related expenses. BIZ: United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 901 rental locations in 49 states and 10 Canadian provinces.

PRICE TALK: 5.875% area. Books close at 2pm, pricing thereafter.

PRICED: US$750m. Cpn 5.875%. Due 9/15/26 NC5. Ip par. Yld 5.875%. +404bp vs. 1.625% 2/15/26 UST. MWC T+50bp. US$101 COC put. Equity clawback up to 40% at 105.875% prior to 9/15/19. Call schedule: 2021 at 102.938%, 2022 at 101.958%, 2023 at 100.979%, 2024 and thereafter at par. First pay 11/15/16. Settlement date 5/13/16. Cusip # 911365BE3.

US HIGH-YIELD PIPELINE:

SUNOPTA INC (Toronto: SOY.TO - news)

SunOpta Inc announced a US$300m senior secured 2nd lien note offering due 2023. UOP: Together with borrowings under its senior secured asset-based revolving credit facility (the "Global Credit Facility"), to repay in full the term loans outstanding under the Second Lien Loan Agreement, dated October 9, 2015, plus accrued and unpaid interest, which term loans were borrowed in connection with SunOpta's acquisition of Sunrise (Taiwan OTC: 2720.TWO - news) Holdings (Delaware), Inc., the direct parent company of Sunrise Growers, Inc., and to pay related fees and expenses.

BIZ: SunOpta Inc. is a global company focused on organic, non-genetically modified ("non-GMO") and specialty foods. The company specializes in the sourcing, processing and packaging of organic and non-GMO food products, integrated from seed through packaged products; with a focus on strategic vertically integrated business models.

STERIGENICS

Sterigenics-Nordion Holdings LLC announced a US$120m senior secured note offering. Moody's has assigned a B1 rating to the proposed notes. UOP: To help fund the acquisition of Nelson Laboratories Inc., a provider of microbiology testing services, that closed on April 1, 2016 and general corporate purposes. BIZ: Sterigenics-Nordion Holdings, LLC (Sterigenics), headquartered in Oak Brook, IL, is a vertically integrated global provider of contract sterilization services, gamma technologies and medical isotopes. (Reporting by Mike Gambale; Editing by Marc Carnegie)