Northern Oil notes active on Q4, full-year numbers; FirstEnergy subsidiary notes stay busy

By James McCandless

San Antonio, Feb. 22 – The distressed debt market remained quiet for another day Thursday, traders said, as they chalked it up to people remaining dubious about jumping back in after a long weekend.

Notes in Northern Oil and Gas, Inc. jumped in activity as the company announced its fourth quarter and full year numbers on Thursday.

Subsidiaries of FirstEnergy Corp. continued a week of high volume after announcing top-level executive changes and 2017 losses on Tuesday.

Windstream Holdings, Inc. paper was active as the company announced better-than-expected fourth quarter losses.

Elsewhere in distressed telecom, Frontier Communications Corp. and Intelsat SA shored up much of the day’s volume. Mallinckrodt plc remained a heavily sought name in the healthcare space as Revlon, Inc. was heavily active in retail.

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