| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Spirit Airlines, Inc. > News item |
Spirit Airlines holds ground over session; DISH improves; distressed index declines
By Cristal Cody
Tupelo, Miss., Jan. 18 – Spirit Airlines Inc.’s 8% senior secured notes due 2025 (B2) held steady on Thursday despite the nearly $60 million of bonds changing hands.
The notes went out flat on the day at 52 bid but still more than 20 points weaker after a federal judge blocked the company’s $3.8 billion merger with JetBlue Airways Corp. on Tuesday, a source said.
Distressed bonds in the DISH Network Corp. name were one of the day’s stronger performers in the bulk of secondary action, a source reported.
DISH’s paper had been under renewed pressure following its debt exchanges announced on Tuesday but turned stronger on Thursday and went out about 1 point to 3 points better.
DISH DBS Corp.’s 5¼% senior secured notes due 2026 (B2/B-) recovered 1 point to trade at 75½ bid after sliding over 6 points in the first two sessions of the week. Trading hit nearly $18 million.
DISH DBS’ 7¾% senior notes due 2026 (Caa2/CC) also traded 1 point higher to a quote of 56 bid on $18.9 million of volume.
Elsewhere, month-to-date total returns in the S&P U.S. High Yield Corporate Distressed Bond index were hovering in the negative 3.6%-plus area so far in January.
© 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.