Ferrellgas notes slide after executive departures; Intelsat issues decline amid selloff

By James McCandless

San Antonio, Nov. 29 – Trading in the distressed market took a slightly negative turn during the Thursday session.

Ferrellgas Partners, LP’s notes declined Thursday in reaction to negative attention after the departures of its chief operating officer and its chief financial officer.

Meanwhile, Intelsat SA’s issues moved lower amid a common stock selloff and a reoffering.

Sector peer Frontier Communications Corp.’s paper was also negative.

In the oil space, Sable Permian Resources LLC’s notes rose.

McDermott International, Inc.’s issues jumped on a string of positive financial transactions.

Bristow Group Inc.’s and Weatherford International plc’s paper gained with oil futures while California Resources Corp.’s notes were mixed.

Chemical name Hexion Inc.’s issues continued a negative trend.

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