FirstEnergy Solutions mixed as Trump signals possible aid; Northern Oil up as company sells stock

By James McCandless

San Antonio, April 6 – The distressed debt market ended the week subdued, traders reported, as the focus remained on news-driven names.

FirstEnergy Solutions Corp. notes were mixed on Friday amid reports that president Donald Trump is considering approving an emergency aid package for at-risk power plants.

Northern Oil and Gas, Inc.’s issues climbed as the company made a new common stock offering on Friday morning.

Frontier Communications Corp. paper closed mixed after making gains over the last few days as the company begins seeking buyers for some of its assets.

Intelsat SA finished another week as another distressed telecom name leading in volume.

Community Health Systems, Inc. wrapped the week’s trading on a firm note as the company continued to try to solve its debt problem.

Talen Energy Supply LLC gained to close the week, becoming one of the most active energy names in distressed trading.

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