Frontier issues mixed after unsuccessful asset auction; J.C. Penney notes also mixed

By James McCandless

San Antonio, May 25 – A short day for the distressed debt market beget sparse trading on Friday, market sources confirmed, at the outset of the long weekend.

Frontier Communications Corp. notes were mixed days after an unsuccessful auction for its Florida assets.

J.C. Penney Co., Inc. issues were also mixed in the aftermath of the surprise departure of the company’s chief executive officer.

Ensco plc bonds declined for a third day after the company declared its regular quarterly dividend for common stock on Tuesday.

Intelsat SA paper was mixed. Recently, the company released a disappointing Q1 report. PetSmart Inc. notes declined. On Monday, the company announced the appointment of a new CEO. In the pharmaceutical space, Mallinckrodt plc issues rose.

© 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.