PHI declines after releasing earnings late Thursday; Sanchez Energy issues fall again

By James McCandless

San Antonio, Aug. 10 – Friday trading in the distressed debt market focused on names with recent earnings statements.

PHI, Inc. notes declined after the late Thursday release of its Q2 earnings statement, reporting a loss per share.

Sanchez Energy Corp. issues declined again. A recent Q2 earnings report fell short of analyst expectations.

Diebold Nixdorf, Inc. paper saw more declines in the aftermath of a disappointing earnings report.

Intelsat SA notes were mixed. A subsidiary priced a $1.25 billion offering of senior notes last Thursday.

Frontier Communications Corp. issues declined. Last week, the company released a disappointing earnings report.

Rite Aid Corp. paper improved. On Thursday, a potential merger with grocery chain Albertsons was canceled.

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