| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for DISH DBS Corp. > News item |
CSC mostly higher; DISH, Hughes improve; iHeart Communications notes end lower
By Cristal Cody
Tupelo, Miss., Feb. 14 – Bonds in the distressed cable- and communications-related spaces mostly turned higher on Wednesday with earnings reports taking focus.
Altice USA, Inc. subsidiary CSC Holdings, LLC’s 5¾% senior notes due 2030 (Caa2/CCC+) went out 1 point higher at 48¼ bid on $10 million of volume, a source said.
Bonds in EchoStar Corp.’s subsidiaries mostly improved with DISH DBS Corp.’s paper flat to over 1 point better.
DISH’s 5¼% senior secured notes due 2026 (B2/B-) went out more than 1¼ points higher on a 78 bid handle on nearly $7 million of volume, a source said.
Hughes Satellite Systems Corp.’s 6 5/8% senior notes due 2026 (Caa3/CCC+) rose ½ point to 66¼ bid on $7 million of trading after dropping on Tuesday in heavier supply totaling nearly $15 million.
Bonds adjusted after Tuesday’s wide sell-off sparked by a surprise increase in January U.S. inflation data.
“The inflation data and the shifting expectations for rate cuts are consistent with our oft-stated view that investors have probably gotten ahead of themselves in expecting rate cuts in the near term,” Confluence Investment Management analysts said in a note on Wednesday.
iHeartCommunications, Inc.’s bonds were under renewed pressure over the day with the 8 3/8% senior notes due 2027 (Caa3/CCC+) down 1 7/8 points to 56¾ bid, a source said.
© 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.