Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Exela Technologies Inc. > News item |
Transocean lower as oil sinks; Endo, Mallinckrodt edge higher; Exela mostly unchanged
By Cristal Cody
Tupelo, Miss., Nov. 3 – High-grade and junk bond primary and secondary activity slowed on Wednesday with the focus on the Federal Reserve’s monetary policy announcement.
“Everything was kind of at a halt because of that,” a source said. “Everyone was just waiting, and now they’ve said they’re going to taper starting in November, December, so tomorrow should pick up. We do have a couple of things we’re looking at that should be pricing this week.”
Distressed energy names saw a “little bit of movement” on Wednesday as oil sank about $3 a barrel, a source said.
Transocean Inc.’s 7½% notes due 2026 (Ca/CCC+) were down about 1½ points at the 78½ bid area in thin trading.
In the pharmaceuticals space, Endo International plc’s notes edged higher after rallying 2 points to 4 points on Tuesday following a California state court win in an opioid-related lawsuit.
Endo Finance LLC’s 6% senior notes due 2028 (Caa3/CCC-) improved more than ½ point to trade near the 75 bid area.
Mallinckrodt plc’s 5¾% notes due 2022 added 1 3/8 points after picking up 3 7/8 points on Tuesday.
In other distressed paper, Exela Technologies, Inc.’s notes were mostly unchanged at the 82½, 83 area.
© 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.