American Tire notes gain again; Digicel issues slide amid holder demands of higher rates

By James McCandless

San Antonio, July 16 – The distressed debt market started the week in trading with more attention being paid to names that became active last week.

American Tire Distributors notes improved again after executives held a Friday conference call with investors, seeking to calm worries about future growth.

Digicel Group Ltd. issues reversed Friday’s gains spurred by reports that bondholders are seeking an increased interest rate in some securities.

Intelsat SA notes were mixed. Last Thursday, the Federal Communications Commission announced that it was considering a proposal to allow mobile operators access to part of the C-band spectrum.

Frontier Communications Corp. notes were mixed again. The company recently announced the coming departure of chief financial officer Perley McBride.

PetSmart, Inc. issues were mixed. The company recently filed a lawsuit against its former loan agent.

Sanchez Energy Corp. paper declined. The company announced last Tuesday that its chief operating officer had resigned.

© 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.