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Diamond Sports weakens; Plains All American, PBF, DCP lower; Carlson Travel soft
By Cristal Cody
Tupelo, Miss., June 24 – Diamond Sports Group LLC’s bonds remained weak in lighter trading on Thursday.
Diamond Sports’ 6 5/8% senior notes due 2027 (Caa2/CCC-) declined 2¼ points to 49¼ bid on $3 million of issues traded, a source reported.
In the energy space, Plains All American Pipeline, LP’s 6 1/8% series B fixed-to-floating-rate cumulative redeemable perpetual preferred units (Ba3/BB/BB) fell 2¼ points to 88¼ bid on more than $5.5 million of volume during the session, a source said.
PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) shed more than 1 point to the 70 bid area on $1 million of trading supply.
DCP Midstream Operating, LP’s 5.85% fixed-to-floating rate junior subordinated notes due 2043 (Ba1/BB-/BB-) dropped more than 1 point to the 92½ bid area on $2.5 million of trading activity Thursday.
Meanwhile, bonds from corporate travel management company CWT, formerly known as Carlson Travel Inc., were soft following a second ratings downgrade this week for the issuer.
The Minneapolis-based company’s 11½% senior secured notes due 2026 (D/C) last traded on Wednesday in heavy volume down 4½ points at 50 bid, a source said.
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