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Published on 6/11/2021 in the Prospect News High Yield Daily.

Peabody Energy, Moss Creek, W&T, PBF notes up; Diamond Sports soft; AMC improves

By Cristal Cody

Tupelo, Miss., June 11 – Peabody Energy Corp.’s 6 3/8% notes due 2025 (Caa1/CCC) headed out Friday up nearly 14 points from where the issue last traded in the prior week.

The notes were about ¾ point to nearly 1 point better at the 74¾ bid area, a source said.

Peabody’s 8½% senior secured notes due 2024 (Caa1/CCC-) also headed out up 1¼ points at 76¾ bid on $3.75 million of secondary supply during the session.

Moss Creek Resources Holdings Inc.’s paper remained steady to higher with the 10½% notes due 2027 more than 1¾ points better at 99¼ bid on $3 million of paper traded.

In other energy issues, W&T Offshore Inc.’s 9¾% senior secured notes due 2023 (Caa2/B) improved about ¾ point to 93 bid, while PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) rose about 1 point to the 74¾ bid area.

Meanwhile, AMC Entertainment Holdings, Inc.’s 12% second-lien senior secured notes due 2026 (Ca/CCC-) were quoted near the 104 bid area on $18 million of secondary volume, up from 103 7/8 bid on Thursday.

Elsewhere, Diamond Sports Group LLC’s 5 3/8% senior secured notes due 2026 (B2/CCC+) fell more than 2¼ points to 74 bid on $8 million of secondary supply, a source said.


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