DISH ends stronger; AMC mixed ahead of preliminary financials; Ardagh higher on week

By Cristal Cody

Tupelo, Miss., April 26 – Looking at distressed paper Friday, DISH DBS Corp.’s 7 3/8% senior notes due 2028 (Caa1/CCC) traded down ½ point but ended the week around 2¾ points higher.

The notes went out at 43¾ bid, a source said.

AMC Entertainment Holdings, Inc.’s bonds were mixed ahead of the company’s after-market release of preliminary first-quarter results with the 7½% senior secured first-lien notes due 2029 (Caa1/B-) 1/8 point higher on the day at 68¾ bid and under 1 point better on the week, a source said.

Market tone declined widely on Thursday but reversed course on Friday with the Commerce Department’s Personal Consumption Price index coming in line with forecasts at 0.3%.

“It’s definitely been a little bit of a ride here,” a market source said.

Ardagh Group SA’s affiliated paper went out better on the week following the release of the company’s interim consolidated first-quarter earnings report but continued to trade lower on the year as the company undertakes a distressed debt transaction.

Ardagh Packaging Finance plc’s 5¼% senior notes due 2027 (Caa1/C/CCC) were ¾ point higher on the week at 51¼ bid but still down nearly 15 points year to date, sources said.

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