Denbury mixed as new issue prices, ratings upgraded; Rite Aid drops on ratings downgrade

By James McCandless

San Antonio, Aug. 14 – Trading in the distressed debt market continued to focus on names with news surrounding them on Tuesday.

Denbury Resources Inc. notes ended mixed as the company brings a $450 million offering to market and receives a ratings upgrade.

Rite Aid Corp. issues fell again as the company received a ratings downgrade in the aftermath of a canceled merger.

Diebold Nixdorf, Inc. paper rose again after Monday’s reports that the company is in the beginning stages of finding a buyer.

Intelsat SA notes gained. Recently, a subsidiary brought a $1.25 billion issue of senior notes to market.

Frontier Communications Corp. issues ended mixed again. Recently, the company released a bad earnings report.

Sanchez Energy Corp. rose. The company fell short of analyst expectations in a recent Q2 earnings report.

© 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.