Diamond Sports secured notes lower; CURO drops to high 50s; CHS softens; Endo quiets

By Cristal Cody

Tupelo, Miss., Sept. 13 – Diamond Sports Group LLC’s secured notes extended declines on Tuesday after losing more than 1 point at the start of the week.

The distressed sports broadcast group’s 5 3/8% senior secured notes due 2026 (Caa3/CCC+) went out more than ¼ point lower at 17 bid after shedding more than 1¼ points on Monday, a source said.

Diamond Sports’ 6 5/8% senior notes due 2027 (Ca/CCC-) were flat to ¼ point higher at 8½ bid.

CURO Group Holdings Corp.’s 7½% senior secured notes due August 2028 (B3/B-) also stayed under pressure a second day.

The notes dropped 2¼ points to 57¾ bid on Tuesday after losing more than ¾ point on Monday, a source said.

Meanwhile, Community Health Systems Inc.’s 6 7/8% senior secured notes due 2029 (Caa2/CCC) gave back some of the prior week’s gains and declined ¾ point over the session.

The bonds were quoted at 63¾ bid.

In the distressed pharmaceutical space, bankrupt Endo International plc’s 9½% senior secured notes due 2027 quieted on Tuesday after losing 4 points on Monday.

Endo Finance LLC’s 9½% senior secured notes due 2027 went out Monday down 4 points at 19½ bid, a source said.

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