Diamond Sports, Washington Prime dip; PBF, Transocean gain; Talen lower; Ligado up

By Cristal Cody

Tupelo, Miss., June 25 – Diamond Sports Group LLC’s notes remained mostly softer in the distressed secondary market on Friday.

The company’s 6 5/8% senior notes due 2027 (Caa2/CCC-) traded late afternoon down ¾ point at 48½ bid, a source said.

Bankrupt Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/CC) fell about ¼ point to the 66½ bid area, a source said.

In the distressed energy space, PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) recovered 1 point to head out at 71 bid in heavy secondary activity during the session, a source said.

Transocean Inc.’s 7¼% senior notes due 2025 (Ca) improved ¼ point to 86 bid in heavy volume on Friday.

Talen Energy Supply LLC’s bonds declined on Friday but remained stronger week to date, a source said.

Talen’s 10½% notes due 2026 (B3/CCC+/B) were quoted down about ½ point at 80 bid.

The issue went out about 3½ points better on the week.

Elsewhere, Ligado Networks’ 15½% senior secured first-lien notes due 2023 (Caa1) improved ¼ point to 99¼ bid in a busy trading session, a source said.

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