| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bed Bath & Beyond, Inc. > News item |
Icahn paper slides toward distressed territory; Bed Bath & Beyond active; QVC declines
By Cristal Cody
Tupelo, Miss., May 11 – Paper from Icahn Enterprises LP moved closer to the distressed space on Thursday with its 5¼% senior notes due 2027 (Ba3/BB) down 5 points and trading on a handle in the 70s as secondary action soared.
Icahn Enterprises’ 5¼% senior notes due 2027 (Ba3/BB) dropped 5 points to 79½ bid on more than $31 million of volume, a source said.
Total volume across the issuer’s notes blew past $168 million as short seller Hindenburg Research published additional complaints on Thursday following its May 2 report outlining issues with Icahn Enterprises.
Icahn Enterprises’ other notes were trading down about 1¾ points to over 3 points over the day.
Distressed retail paper was active over the session.
Bankrupt Bed Bath & Beyond Inc.’s 5.165% senior notes due 2044 (/D) were moving in the secondary market on Thursday on nearly $6 million of trading, a source said.
The long bonds were quoted at 2¾ bid.
QVC Inc.’s bonds declined about 1¼ points to more than 1½ points.
The 4 3/8% senior secured notes due 2028 (B2/B-/B+) gave back 1½ points by the day’s end to trade at 51 bid, a source said.
© 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.