AMC, Wesco notes trade mixed; Exela, Envision higher; Air Methods down; Transocean up

By Cristal Cody

Tupelo, Miss., Feb. 2 – Secondary trading volume soared to over $46 million on Wednesday in AMC Entertainment Holdings, Inc.’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) as the company priced a new secured issue.

AMC’s 10% notes fell 1/8 point to 96 3/8 bid, a source reported.

Wesco Aircraft Holdings Inc.’s secured notes were among the day’s most active distressed issues with the 9% senior secured notes due 2026 (Caa3/CCC+) up 1 point to 84¾ bid on $18 million of paper changing hands, a source said.

In other supply, Exela Technologies, Inc.’s 11½% first priority senior secured notes due 2026 (Caa3/CCC-) were 2¼ points stronger at 65¾ bid on $5 million of volume.

Envision Healthcare Corp.’s 8¾% senior notes due 2026 (Ca/CCC-) rose another 2 points after picking up 5¼ points on Tuesday.

The issue was quoted at 59¼ bid on $4.5 million of volume.

Air Methods Corp.’s 8% senior notes due 2025 (Caa2/CCC) dropped 2¼ points to 79 bid on $1 million of supply.

Transocean Inc.’s 7¼% senior notes due 2025 (Ca/CCC) traded 2¼ points better at 80½ bid on over $5 million of supply on Wednesday, a source said.

PBF Energy Inc.’s 6% senior notes due 2028 (Caa1/B/B-) were quoted 2¼ points higher at 74¼ bid.

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