PG&E mixed after new CEO, directors appointed; PetSmart gains after amendment approval

By James McCandless

San Antonio, April 4 – Towards the end of the week, the distressed market saw familiar names trading that have permeated recent activity.

PG&E Corp.’s notes were mixed after the company appointed a new chief executive officer and a slate of new board members.

Meanwhile, in retail, PetSmart Inc.’s issues gained a day after the company gained a majority of lender’s approval for a loan amendment.

Sector peer Rite Aid Corp.’s paper declined under continuing pressure.

Elsewhere, oil and gas name Weatherford International plc’s notes dropped.

A mixed ending for oil futures saw California Resources Corp.’s issues lose while Ensco plc’s paper finished mixed and Halcon Resources Corp.’s notes rose.

Chemicals name Hexion Inc.’s issues were mixed.

In telecom, Intelsat SA’s paper continued a positive streak.

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