Hertz mixed; CWT, AMC, GEO, Peabody, Nine, Transocean up; Mallinckrodt lower

By Cristal Cody

Tupelo, Miss., June 7 – Hertz Corp.’s bonds were mixed on Monday after the company launched $1.55 billion of term loans.

The company’s 6% notes due 2028 were quoted at 107 1/8 bid, a source said.

Bonds from CWT gained with the 11½% senior secured notes due 2026 (/CC/) at 58½ bid, up 1¾ points on $3 million of trading supply.

AMC Entertainment Holdings, Inc.’s 12% second-lien senior secured notes due 2026 (Ca/C) rose nearly ¾ point to 102 7/8 bid on $17 million of bonds traded.

Elsewhere, Peabody Energy Corp.’s 6 3/8% notes due 2025 (Caa1/CCC) jumped 5¼ points to 66¼ bid.

Consol Energy Inc.’s 11% second-lien notes due 2025 (Caa1/CCC) rose 2 points to 99 bid.

Nine Energy Service, Inc.’s 8¾% notes due 2023 (Caa2/D) improved more than 1½ points to the 44 bid area on $2 million of secondary volume.

Also, Transocean Inc.’s 7¼% notes due 2025 (Ca/CCC) added 1½ points to trade near the 83½ bid area.

In other distressed issues, GEO Group Inc.’s 6% guaranteed senior notes due 2026 (B2/CCC) added more than 3¼ points to 68 3/8 bid.

Also on Monday, Mallinckrodt plc’s 4¾% notes due 2023 softened about ½ point to the 21½ bid area following postponement of a court hearing on its disclosure statement.

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