Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for EP Energy Corp. > News item |
Ultra Petroleum notes mixed on exchange agreements; Hexion issues mixed
By James McCandless
San Antonio, Oct. 17 – The distressed space concentrated on news-driven names in Wednesday activity.
Two series of Ultra Petroleum Corp.’s notes were mixed after the company announced exchange agreements for the notes.
Despite a dip in oil futures, bellwether tranches of EP Energy Corp., California Resources Corp., and Sanchez Energy Corp. improved.
Hornbeck Offshore Services, Inc. paper was also better elsewhere in the sector.
In the chemical space, Hexion Inc.’s notes were mixed as second lien holders prepare for debt talks with the company.
Elsewhere, Intelsat SA’s notes were firmer in the telecom space while Frontier Communications Corp.’s issues declined.
Though retail names were not the focus of the day, L Brands, Inc. and J.C. Penney Co., Inc. paper received negative attention.
© 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.