Altice lower as company considers asset sale; Hexion issues mixed amid creditor maneuvers

By James McCandless

San Antonio, Feb. 5 – In the Tuesday session, the distressed space moved in mixed directions again.

Altice SA’s notes were lower as the company considers selling off its Portugal cable network segment.

Sector peer Intelsat SA’s issues were mixed.

Elsewhere, Hexion Inc.’s paper was also mixed as second-lien holders try to assert themselves in talks with the company.

Dairy name Chobani Global Holdings LLC’s notes were higher after a private earnings release.

Meanwhile, Weatherford International plc’s paper was moving up as the notes remain high in the market’s eye post-earnings.

More leaks in oil futures served as the background for mixed results for Ensco plc and Ultra Petroleum Corp.’s notes and a rise for California Resources Corp.’s issues.

Retailer Neiman Marcus Group, Inc.’s paper went negative.

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