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Prospect News home > News index > List of issuers E > Headlines for EnLink Midstream Partners, LP > News item |
Talen Energy drops; EnLink higher; PBF softens; Diamond Sports declines; Ligado lower
By Cristal Cody
Tupelo, Miss., June 28 – Talen Energy Supply LLC’s bonds dropped about 2 points to nearly 6 points in strong secondary trading over Monday’s session.
The company’s 6½% senior notes due 2025 (B3/CCC+/B) fell more than 5¾ points on $3.9 million of volume to 67 bid, a source said.
Talen’s 10½% notes due 2026 (B3/CCC+/B) sank 5¾ points to 74¼ bid on more than $5.4 million of paper traded on Monday.
In other distressed energy issues, EnLink Midstream Partners LP’s 6% perpetual preferreds (B1/B+/BB-) rallied more than 3¼ points on Monday to 77 bid on more than $2.8 million of secondary supply, a source said.
PBF Holding Co. LLC’s 7¼% senior notes due 2025 (B3/B+/B+) were quoted down more than 1¾ points at the 79 bid area on $1.5 million of secondary action on Monday.
Elsewhere, Diamond Sports Group LLC’s 6 5/8% senior notes due 2027 (Caa2/CCC-) slipped 1¾ points to hit 46¾ bid in light volume totaling $1 million on Monday, a source said.
Meanwhile, Ligado Networks’ 15½% senior secured first-lien notes due 2023 (Caa1) shed ¼ point to trade at 99 bid in strong volume over the day, a source said.
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