Diamond Sports, TPC higher; PBF, Talen down; Envision drops; Mallinckrodt, Kaisa up

By Cristal Cody

Tupelo, Miss., Nov. 19 – Diamond Sports Group LLC’s notes recovered about ½ point to 2 points with the paper at the top of the most active distressed issues on Friday.

Diamond Sports’ tranches both “were up” over the session, a source said.

The 6 5/8% senior notes due 2027 (Ca/CC) rose 2 points to 24 bid on $21 million of secondary supply.

TPC Group Inc.’s 10½% senior secured notes due 2024 (Caa2/CCC-/B-) picked up 1¼ points to 68¾ bid.

Nabors Industries Inc.’s 5¾% senior notes due 2025 (Caa2/CCC-) fell 2¼ points to under 90 bid on over $10.7 million of volume.

PBF Holding Co. LLC’s 6% senior notes due 2028 (Caa1/B/B-) dropped nearly 2¾ points to the 71 bid area.

Talen Energy Supply LLC’s 10½% senior notes due 2026 (Caa1/CCC/B-) slid 4½ points to 61½ bid.

Envision Healthcare Corp.’s 8¾% senior notes due 2026 (Ca/CC) sank 5¾ points to 64 bid.

Meanwhile, Mallinckrodt plc’s 5½% notes due 2025 jumped 3½ points to 58¾ bid.

China Evergrande Group’s 8¾% senior notes due 2025 (C/C/C) were nearly ½ point better under the 24 bid area in thin activity, a source said.

Kaisa Group Holdings Ltd.’s 9 3/8% senior notes due 2024 (C//CCC-) improved 1½ points to hit 40 bid.

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