Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Moss Creek Resources Holdings, Inc. > News item |
Washington Prime better; CBL softens; Moss Creek, Nabors higher; Peabody extends gains
By Cristal Cody
Tupelo, Miss., June 9 – Distressed real estate investment trust Washington Prime Group, LP’s bonds remained higher on Wednesday following another extension on a missed payment on the issue.
The 6.45% notes due 2024 (C/D/C) traded about 2 points better at 65 bid, a source said.
Bankrupt real estate investment trust CBL & Associates LP’s bonds softened about ¼ point to 2¼ points on Wednesday, a source said.
CBL’s 5¼% notes due 2023 fell about 1 point to the 56½ bid area.
In the oil and gas space, Moss Creek Resources Holdings Inc.’s paper saw a bump in secondary prices on Moody’s Investors Service’s upgrade, a source said Wednesday.
The company’s 7½% senior notes due 2026 (Caa1/B) traded up 1½ points to 93¼ bid in strong activity.
Moss Creek’s 10½% notes due 2027 edged up 3/8 point to 97½ bid in heavy secondary supply over the day.
Nabors Industries Inc.’s 5¾% senior notes due 2025 (Caa2/CCC-) rose about ¼ point to 90¾ bid.
Meanwhile, Peabody Energy Corp.’s 6 3/8% notes due 2025 (Caa1/CCC) headed out 3 points higher on the day at 71½ bid in heavy supply following an upgrade by S&P Global Ratings, a source said.
The bonds are trading 10½ points better week to date and 13¾ points stronger since the end of May.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.