Talen mixed; AMC secured notes decline; Endo trades higher; Clear Channel down

By Cristal Cody

Tupelo, Miss., June 10 – Bonds from Talen Energy Supply LLC and AMC Entertainment Holdings, Inc. remained at the top of heavily traded distressed issues seen Friday.

Talen’s 6½% senior notes due 2025 (/D/C) fell more than ¾ point to trade near the 68 bid area on $17 million of secondary action by late afternoon, a source said.

The company’s 10½% senior notes due 2026 (/D/C) were flat to ¼ point better at 68½ bid on $10 million of volume.

AMC Entertainment’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) declined 2 5/8 points to 72¼ bid on $9 million of paper turning over, a market source said.

Elsewhere, Endo International plc’s paper improved about ½ point to 3 points, a source said.

Endo Finance LLC’s 6% senior notes due 2028 (Caa3/CC) traded ½ point better at 5 bid on Friday.

Volume was light with $2 million reported.

In other trading, paper from Clear Channel Outdoor Holdings, Inc. was down 3 points and yielding over 13% on Friday, a source said.

Clear Channel Outdoor’s 7¾% senior notes due 2028 (Caa2/CCC) dropped 3 points to 78 bid on $7 million of volume.

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