Windstream notes mixed after asset sale; Weatherford issues decline as troubles mount

By James McCandless

San Antonio, Jan. 2 – A shortened week in the distressed space saw modest improvements in Wednesday trading.

Windstream Holdings Inc.’s notes were mixed in the wake of the sale of its consumer internet business.

Sector peers Intelsat SA and Frontier Communications Corp.’s issues were also seen improving.

In energy, Weatherford International plc’s paper declined despite gains in oil futures.

Gains for California Resources Corp.’s, Ensco plc’s, and Denbury Resources Inc.’s notes coincided with oil futures.

Retailer PetSmart, Inc.’s issues were rising as the company and its creditors move toward a resolution to a dispute over an equity transfer.

Meanwhile, Community Health Systems, Inc.’s paper was mixed to start the year.

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