Windstream, Uniti bonds gain on exchange offer; Bombardier paper eases; Toys trades up

By Paul Deckelman

New York, Oct. 19 – Windstream Holdings Inc. – lately the target of investor default claims – announced an exchange offer for several series of its notes.

That pushed that paper higher, along with the notes from former Windstream subsidiary Uniti Group Inc.

Canadian aircraft manufacturer Bombardier Inc.’s recently high-flying bonds were seen by traders to have lost some altitude but they were still up from where they had been before jumping higher earlier in the week on the news that it will partner with European aerospace giant Airbus on Bombardier’s C-Series of passenger jetliners.

Toys ‘R’ Us Inc.’s 2018 notes – which zoomed by as many as 15 points earlier in the week on talk of a possible initial public offering of the bankrupt retailer’s booming Asian business only to give back some of those gains on Wednesday – were seen rebounding nicely from that drop on Thursday, in active trading.

Hospital names such as Community Health Systems, Inc. and HCA Inc. were mixed on the session amid continued uncertainty about changes in the healthcare systems in the United States.

© 2015 Prospect News.
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