| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Endo International plc > News item |
Bed Bath & Beyond lower; AMC bonds, stock decline; CineMedia drops; Bausch down
By Cristal Cody
Tupelo, Miss., Aug. 22 – Bed Bath & Beyond Inc.’s notes continued to decline on Monday after the retailer’s paper sank more than 11 points and its stock plunged over 40% on Friday.
Bed Bath & Beyond’s 3.749% senior notes due 2024 (Caa3/CCC) were quoted at the 32 bid range, down about 7 points from Friday.
AMC Entertainment Holdings, Inc.’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) dropped about 2¾ points to 82 bid on heavy secondary action totaling $24 million, a source said.
AMC’s stock plunged 41.95% to end the session at $10.46.
The space remains under pressure as Cineworld Group plc provided an update that it is considering filing Chapter 11 bankruptcy as it evaluates strategic options.
National CineMedia, LLC’s 5¾% senior notes due 2026 (Caa3/CCC) were trading more than 5 points weaker on Monday at the 49 bid range, a source said.
In the distressed pharmaceutical space, Bausch Health Cos. Inc.’s 9% senior notes due 2025 (Caa2/CCC/B-) fell 2¾ points to 70¼ bid on $13 million of volume, a source said.
Newly bankrupt Endo International plc’s 9½% senior secured second-lien notes due 2027 (Ca/D) gained ½ point to 27¾ bid on $7 million of secondary volume, 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.