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AMC bonds continue upswing; CBL modestly softer; Hertz mixed; Nabors, PBF trade higher
By Cristal Cody
Tupelo, Miss., April 6 – AMC Entertainment Holdings, Inc.’s bonds gained another 1½ to 3½ points in distressed secondary trading on Tuesday.
Bonds from bankrupt real estate investment trust CBL & Associates Properties, Inc. were heavily traded on Monday and Tuesday but modestly softer over Tuesday’s session, a source said.
Hertz Global Holdings, Inc.’s bonds were mixed in light secondary trading on Tuesday as the company eyes a June exit from Chapter 11 bankruptcy, a source said.
In the secondary market, oil and gas drilling contractor Nabors Industries Inc.’s 5¾% senior notes due 2025 (Caa2/CCC-) rose more than 1½ points to 76½ bid on $12.5 million of trading volume, a source said.
Petroleum refiner PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) were quoted better over the past two sessions.
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