Digicel declines as early tender deadline extended; Community Choice issues lose

By James McCandless

San Antonio, Sept. 7 – The distressed debt market finished a short week focusing on names with news surrounding them.

Digicel Group Ltd.’s notes declined as the company extended its early tender deadline for two series of notes.

Community Choice Financial Inc.’s issues fell as agencies assigned ratings to a new issue being offered by a subsidiary.

American Tire Distributors paper rose slightly. On Tuesday, the company announced it reached a recapitalization agreement with stakeholders.

Intelsat SA notes dropped. A subsidiary priced a $2 billion issue of six-year senior notes on Wednesday.

Frontier Communications Corp. issues improved. A disappointing second-quarter earnings report triggered a ratings downgrade. Sanchez Energy Corp. paper gained in distressed energy trading

© 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.