Ferrellgas drops after disappointing earnings; Blackboard jumps on segment sell-off news

By James McCandless

San Antonio, March 8 – The distressed space shifted focus to news-driven names as the week came to a close on Friday.

Ferrellgas Partners LP’s notes saw a drop after the company released a disappointing second-quarter earnings report.

Meanwhile, Blackboard Inc.’s notes rose higher amid news that it has entered a deal to sell its collegiate payments arm.

In telecom, Windstream Holdings, Inc.’s paper closed better as $500 million of its debtor-in-possession financing became free to trade.

Sector peer Digicel Group Ltd.’s notes slipped as its new senior secured notes began trading.

Lower oil futures begot declines for Weatherford International plc’s and Sanchez Energy Corp.’s issues while California Resources Corp.’s paper ended mixed.

Retailer Neiman Marcus Group, Inc.’s notes ended the week on a low note.

Dean Foods Co.’s issues rose, stemming a negative streak.

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