AMC lower; Transocean flat after decline; Talen edges up; Diamond Sports notes climb

By Cristal Cody

Tupelo, Miss., Jan. 25 – AMC Entertainment Holdings, Inc.’s 10% senior secured second-lien notes due 2026 (Ca/CCC-) fell in heavy trading over Tuesday’s session after ending Monday weaker.

AMC’s 10% senior secured second-lien notes due 2026 (Ca/CCC-) were quoted down 5/8 point at 92 5/8 bid by the close on $26 million of secondary volume, a source said.

The notes fell 1 point on Monday on $20 million of paper traded.

In the distressed energy space, Transocean Inc.’s 11½% senior guaranteed notes due 2027 (Caa3/CCC+) were flat at par on $21.5 million of supply after shedding 2¼ points on $7.4 million of trading on Monday.

Talen Energy Supply LLC’s 10½% senior notes due 2026 (Caa2/CCC/B-) recovered ½ point to 46½ bid in thin activity following a 2-point-decline on Monday on the heels of downgrades from S&P Global Ratings and Moody’s Investors Service.

Elsewhere, Diamond Sports Group LLC’s secured and unsecured notes traded 1½ points to 2 points higher over the day, a source said.

Diamond Sports’ 6 5/8% senior unsecured notes due 2027 (Ca/CC) improved 1½ points to 26½ bid.

The issue saw $3 million of volume during the session.

© 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.