| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for Lumen Technologies, Inc. > News item |
Lumen bonds see strong pickup; Bausch Health mostly lower; Altice’s CSC notes mixed
By Cristal Cody
Tupelo, Miss., Sept. 20 – Lumen Technologies, Inc.’s notes were mixed in light trading on Wednesday as the company faces a slew of issues, including a class-action lawsuit filed at the week’s start.
Lumen’s 7.6% senior notes due 2039 (Caa3/CCC-) rallied 2½ points to around 34 bid as one of the day’s biggest distressed gainers, a source said.
Also Wednesday, Lumen’s 4% senior secured notes due 2027 (Caa2/B) moved down more than ¼ point to a 68 bid handle on $3 million of volume.
Bausch Health Cos. Inc.’s paper was mixed but saw some of the biggest losses over the session, a source reported.
The 8½% senior notes due 2027 (Ca/CCC-) fell around 1¼ points to a 52 bid handle on $3.13 million of trading.
The issuer that was at the top of the attention-getters in fairly quiet distressed secondary action on Wednesday was Altice USA, Inc. subsidiary CSC Holdings, LLC, a source said.
CSC’s 5¾% senior notes due 2030 (Caa2/CCC+) fell about ½ point to a 58 bid handle on more than $10 million of paper traded.
The company’s 4 5/8% senior notes due 2030 (Caa2/CCC+), meanwhile, were up ½ point at 56½ bid on $6 million of volume.
© 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.