Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Enviva Partners LP > News item |
Enviva bonds continue revival; DISH notes rack up gains; iHeartCommunications improves
By Cristal Cody
Tupelo, Miss., Nov. 14 – Enviva Partners, LP’s newly distressed 6½% senior notes due 2026 (Caa2/CC/CC) took back 9 points in heavy secondary trading that put it among the most active and higher-rated junk paper on Tuesday.
The bonds were quoted at 53 bid on $28.44 million of volume, a source said.
Enviva’s notes climbed over 6 points on Monday.
Other than DISH Network Corp.’s distressed 7¾% senior notes due 2026 (Caa2/B-), Enviva’s issue was the only Caa2-rated paper leading junk secondary supply over the session, a source said.
The notes were up 1¼ points at 62¼ bid on more than $17 million of paper traded.
Stocks shot higher, while Treasury yields slid following the release of softer-than-expected October inflation data.
Tuesday’s market swings were “100%” due to the Consumer Price Index report, a desk source said.
Meanwhile, the trailing 12 months’ U.S. high-yield default rate rose to 3.1% in October, its highest level since April 2021, Fitch Ratings reported.
In other corporate bonds, iHeartCommunications, Inc.’s 8 3/8% senior notes due 2027 (Caa1/CCC+) rose over 2 points to 63 bid, a source said.
Trading totaled $11.1 million.
iHeartCommunications’ 6 3/8% senior secured notes due 2026 (B1/B+) climbed 1¾ points to head out at 81¾ bid on $7 million of secondary action.
© 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.