Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for L Brands, Inc. > News item |
MEG Energy crashes on canceled takeover; PG&E issues rise as bankruptcy saga presses on
By James McCandless
San Antonio, Jan. 17 – The distressed debt market saw more focus on oil and electric utility names in the Thursday session.
MEG Energy Corp.’s notes crashed after prospective buyer Husky Energy canceled its hostile bid for the company.
Elsewhere in energy, a slight drop in oil futures was the backdrop for improvements in Sanchez Energy Corp.’s and Hi-Crush Partners LP’s issues while Ultra Petroleum Corp.’s paper ended mixed.
Bristow Group Inc.’s notes were lower.
PG&E Corp.’s issues were higher as some of the market’s pressure loosened.
In the retail space, Neiman Marcus Group, Inc.’s, L Brands, Inc.’s and Revlon, Inc.’s paper closed the day mixed.
© 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.