Category: Uncategorized

SPN SUPERIOR ENERGY SERVICES Pricing Update

Security B Px A Px A YTW Amt Out Payment Rank Moody Notes SPN 7⅛ 21 77.000 - 78.000 20.700 800MM Sr Unsecured B3 SPN 7¾ 24 58.250 - 59.250 21.808 500MM Sr Unsecured B3  
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HCHC HC2 HOLDINGS Pricing Update

  Security B Px A Px A YTW Amt Out Payment Rank Moody Notes HCHC 11½ 21 91.500 - 92.500 15.955 470MM 1st lien Caa1 HCHC 7½  22 71.000 - 73.000 21.948 55MM Sr Unsecured N.A. CVT   REF 2.10
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S&PGR Downgrades Party City Hldgs To ‘B’; Outlook Negative

-- Elmsford, N.Y.-based party goods retailer and wholesaler Party City Holdings Inc. reported significant sales and margin declines in the third quarter ended Sept. 30, 2019, and through the key…
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MDR MCDERMOTT INTL Pricing Update

Security B Px A Px Amt Out Payment Rank Moody Notes MDR TLB  1L USD 54.750 - 56.750 2.2MMM 1L Gtd Sr. Secd Caa2 MDR TLC  1L USD 54.750 - 56.750 300MM 1L Gtd Sr. Secd N.A. MDR 10⅝ 24 6.500 - 7.500 1.3MMM Sr Unsecured Ca
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Transocean 2027 Bonds: Attractive 10.6% Current Yield, 70 Cents on the Dollar

Left Brain Investments Research: Transocean’s 2027 bonds are trading too low (~70 cents on the dollar), and the 10.6% current yield is attractive. Market conditions are improving (utilization rates are…
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PRTY PARTY CITY Pricing Update

Security B Px A Px A YTW Amt Out Payment Rank Moody Notes PRTY 6⅛ 23 73.500 - 75.500 14.896 350MM Sr Unsecured B1 PRTY 6⅝ 26 63.000 - 65.000 15.103 500MM Sr Unsecured B1
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JCP J.C. PENNEY CO. Pricing Update

BOND STACK UP 4-6 PTS Security B Px A Px A YTW Amt Out Payment Rank Moody Notes JCP 5⅞  23 88.000 - 89.000 9.538 500MM 1st lien B3 JCP 8⅝  25 67.500 - 69.500 17.691 400MM 2nd lien Caa2…
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Dean Foods, America’s largest milk producer, is 2019’s 100th default

(Axios) Dean Foods, the largest dairy company in the U.S., filed for bankruptcy this week, bringing the total number of global corporate defaults this year to 100. The big picture: Despite…
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Invacare Corporation Announces Private Exchange to Retire Approximately $72.9 Million Principal Amount of Its 5.0% Convertible Senior Notes Due 2021

Business Wire ELYRIA, Ohio -- November 14, 2019 Invacare Corporation (NYSE:IVC) (the “Company”) yesterday entered into separate, privately negotiated agreements with certain holders of its 5.0% Convertible Senior Notes due…
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