PetSmart mixed as company preps IPO; DISH higher after posting earnings

By James McCandless

San Antonio, May 6 – A new week in the distressed debt space saw attentions paid to the retail and energy sectors.

PetSmart, Inc.’s notes finished mixed as the company prepares an initial public offering for e-commerce segment Chewy.com.

Sector peer L Brands, Inc.’s issues pushed higher.

Meanwhile, DISH Network Corp.’s paper moved up in the wake of its first-quarter earnings report.

In energy, California Resources Corp.’s paper rose after its earnings release.

As oil futures rose, Ensco Rowan plc’s and Weatherford International plc’s notes were mixed as McDermott International, Inc.’s issues rose.

Elsewhere, Dean Foods Co.’s paper improved as the company continues to explore strategic alternatives.

In the telecom space, Frontier Communications Corp.’s notes closed mixed.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.