| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Endo International plc > News item |
Revlon up on debt talks; Endo mostly soft ahead of board fight; secondary action light
By Cristal Cody
Tupelo, Miss., June 6 – Revlon Inc.’s bonds were on a run higher on Monday after news reports the company is in talks to extend debt maturities.
Revlon was “up 5 points,” a source said. “They’re going to try and save it again, for the 15th time.”
The cosmetics manufacturer staved off filing for bankruptcy in 2020.
Revlon Consumer Products Corp.’s 6¼% senior notes due 2024 (C/C) climbed to 25 bid during the session, up from 20 bid, 21 offered on Friday, a source said.
Overall secondary action was quieter over the session with stocks edging higher and measured volatility slightly up, sources said.
“Pretty quiet Monday,” one source said.
Looking at other distressed paper, Endo International plc’s notes traded flat to slightly weaker on Monday in mostly light trading as the pharmaceutical manufacturer defends a board member in a proxy battle.
Endo Finance LLC’s 6% senior notes due 2028 (Caa3/CC) went out ¼ point lower at 6¼ bid.
Endo subsidiary Par Pharmaceutical Inc.’s 7½% senior secured notes due 2027 (B3/CCC) were quoted “pretty much unchanged” at 76¾ bid, 77¾ offered on Monday, 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.