Intelsat notes fall on FCC chairman comments; Uniti gains after potential default waived

By James McCandless

San Antonio, March 21 – The distressed space continued to focus on energy on Thursday with a renewed eye on telecom names.

Intelsat SA’s notes fell after the chairman of the Federal Communications Commission told a conference that a decision on handling the C-band spectrum was a long way off.

Meanwhile, Wind Tre SPA’s issues saw a boost amid reports that the company is planning asset sales.

Real estate investment trust Uniti Group Inc.’s paper gained a day after releasing earnings and waiving a potential default.

In retail, Revlon, Inc.’s notes rose in the tail end of a tumultuous week.

Sector peer L Brands, Inc.’s issues ended Thursday mixed.

Oil futures were negative, spurring similar movement for California Resources Corp.’s paper while EP Energy Corp. and Halcon Resources Corp.’s notes closed higher.

Shipper Navios Maritime Holdings Inc.’s issues sustained a rise.

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