Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Envision Healthcare Corp. > News item |
Medline higher; Envision declines; Team Health softens; Bausch up; Transocean better
By Cristal Cody
Tupelo, Miss., May 23 – Junk bonds trading at or near distressed levels saw mixed a reception on Monday in mostly light secondary action ahead of the long holiday weekend.
Medline Industries, LP’s 5¼% senior notes due 2029 (Caa1/B-/B+) jumped 1¾ points as one of the day’s most active names.
The issue traded Monday up 1¾ points to 82 bid on $26 million of volume, a source said.
Envision Healthcare Corp.’s 8¾% senior notes due 2026 (Ca/CC) traded 2¾ points lower at 31¼ bid, according to a market source.
Team Health Holdings, Inc.’s 6 3/8% senior notes due 2025 (Caa3/CCC/CCC-) were down about ½ point at the 74 bid area.
Meanwhile, Bausch Health Cos. Inc.’s 6¼% senior notes due 2029 (B3/B/B) climbed over 2 points to 56 bid, a market source said.
The issue saw $3 million of volume.
Overall trading in the junk space was lighter as the week kicked off ahead of Friday’s early close for the Memorial Day holiday, sources said.
Transocean Inc.’s 8% debentures due 2027 (Ca/CCC) were among the few distressed energy names seen active on Monday, a source said.
The debentures due 2027 traded 1¼ points better at 77¼ bid on $2 million of secondary 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.