PetSmart notes slide as Amazon launches dog food brand; Windstream issues fall on earnings

By James McCandless

San Antonio, May 3 – The distressed debt market experienced a slight rise in activity on Thursday, traders reported, as news drove trading.

PetSmart, Inc. notes declined after Amazon announced an in-house dog food brand for its Prime subscription customers.

Windstream Holdings, Inc. issues traded down after the company released its Q1 report, posting earnings that missed analyst expectations.

FirstEnergy Solutions Corp. paper was mixed after lawmakers sent a letter to President Trump urging him to ensure profitability to power plants at risk of closing.

Frontier Communications Corp. notes were mixed as the market continued to react to the company’s Q1 report released after market close Tuesday. Another company to post its Q1 report Tuesday, Intelsat SA, saw its issues mixed. Community Health Systems, Inc. paper was off in the medical space.

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