Endo higher in pharma space; SRC Energy jumps on acquisition news; Dish better

By James McCandless and Paul A. Harris

San Antonio, Aug. 26 – The high-yield secondary market was awash with positive movers in Monday’s session.

Endo International plc’s notes ended better after sector peer Johnson & Johnson Inc. was ordered to pay a multimillion-dollar opioid lawsuit settlement.

In the oil and gas space, SRC Energy’s issues jumped up after news broke of its acquisition.

Elsewhere in the space, declining futures were followed by Chesapeake Energy Corp.’s paper while Whiting Petroleum Corp.’s and Superior Energy Services, Inc.’s notes were divided.

Telecom name Dish Network Corp.’s issues rose after receiving an analyst upgrade early Monday.

Auctioneer Sotheby’s paper was in decline, going against the prevailing trend.

Once again, the high-yield domestic market remained quiet.

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