| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bombardier Inc. > News item |
Oasis Petroleum notes boosted after bankruptcy news; Bombardier eyed in manufacturing
By James McCandless
San Antonio, Sept. 30 – The Wednesday session in the distressed debt market saw shifting ground in the energy space.
Oasis Petroleum Inc.’s notes were boosted after news broke that the company filed for Chapter 11 bankruptcy.
The 6 7/8% senior notes due 2022 rose 7¼ points to close at 23¾ bid. The 6¼% senior notes due 2026 jumped up 7½ points to close at 23½ bid.
About $64 million of the two tranches combined were on the tape.
On Wednesday morning, the Houston-based independent oil and gas producer filed for Chapter 11 bankruptcy, Prospect News reported.
Meanwhile, manufacturing name Bombardier Inc.’s notes diverged in direction after more doubt was cast on the potential sale of its aerostructures unit.
The 7½% senior notes due 2025 slipped ¼ point to close at 75¼ bid. The 7 7/8% senior notes due 2027 closed level at 74¼ bid.
On Tuesday, the prospective buyer of the Montreal-based air and rail manufacturer’s aerostructures segment cast more doubt on the closing of the sale.
Spirit AeroSystems Holdings, Inc. said in a Securities and Exchange Commission filing that the $500 million deal may not close by the Oct. 31 deadline, which could spark litigation between the two entities.
© 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.