Toys closes week active as liquidation sale begins; Community Health high in volume

By James McCandless

San Antonio, March 23 – As equity markets closed the week on a negative note Friday, traders reported continued reluctance from investors to jump into the distressed debt market.

Toys “R” Us, Inc. saw notes active another day as it began liquidation sales on all 735 U.S. locations.

Community Health Systems, Inc. finished the week with its issues in high volume, trading amid its efforts to get its debt under control.

Sears Holdings Corp. paper continued to be traded as the week finished, becoming active since announcing the results of a private note exchange.

Frontier Communications Corp. and Intelsat SA closed the week as they started as some of the most actively traded notes of the session. Mallinckrodt plc was another healthcare name adding to Friday’s volume. Revlon, Inc. provided more volume in the already crowded distressed retail space.

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