Nine West notes mixed on bankruptcy filing; FirstEnergy Solutions mixed

By James McCandless

San Antonio, April 9 – Traders reported another quiet day in distressed debt Monday, as investors cited uncertainty in equity markets as a barrier to entry.

Nine West Holdings notes were mixed as the company filed for Chapter 11 bankruptcy on Monday.

FirstEnergy Solutions Corp. issues sank after Secretary of Energy Rick Perry made comments suggesting that federal aid for at-risk plants was not likely.

California Resources Corp. paper closed up as it announced the completion of a cash and stock acquisition of working, surface and mineral interests from Chevron.

In distressed telecom, Frontier Communications Corp. notes were mixed as the company searched for buyers for certain assets. Intelsat SA issues were higher. Community Health Systems, Inc. paper was mixed. Elsewhere in energy, Talen Energy notes climbed again.

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