Windstream drops on bankruptcy concerns; Halcon falls following CEO departure

By James McCandless

San Antonio, Feb. 22 – The distressed space placed the majority of its attention on turbulent news-driven names to end the week.

Windstream Holdings, Inc.’s notes dropped as analysts expect the company to file for bankruptcy within the next month.

Closely tied former subsidiary Uniti Group Inc.’s issues were also declining.

Meanwhile, in energy, Halcon Resources Corp.’s paper slid a day after the company announced the departure of its top executive.

Despite small gains in oil futures, California Resources Corp.’s and Ensco plc’s notes were mixed while Alta Mesa Resources, Inc.’s issues were negative.

Elsewhere, in the medical space, Community Health Systems, Inc.’s paper also trended downward.

Sector peer Teva Pharmaceutical Industries Ltd.’s notes ended mixed.

Delphi Technologies plc’s issues continued its rise after a positive earnings report.

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