Diebold rises as credit agreement amended; FirstEnergy Solutions mixed as plants to close

By James McCandless

San Antonio, Aug. 30 – Trading in the distressed debt market was active on news-driven names Thursday with the end of the week in sight.

Diebold Nixdorf, Inc.’s notes improved. The company was subject to ratings changes and announced after the market close that it has amended its credit agreement.

FirstEnergy Solutions Corp.’s issues were mixed for a third day as the company announced the coming closure of its last four coal plants by 2022.

Digicel Group Ltd. paper saw multi-point gains amid lagging earnings and the departure of its CFO.

Intelsat SA’s notes rose, eschewing a recent mixed trend. A subsidiary recently priced a $1.25 billion issue of senior notes.

Frontier Communications Corp.’s issues were mixed. A recent earnings report missed analyst expectations and resulted in a ratings downgrade.

Sanchez Energy Corp. paper declined in the energy space.

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