Denbury mixed again after new issue prices; Sanchez sees another multi-point drop

By James McCandless

San Antonio, Aug. 15 – The distressed debt market began shifting focus to energy names in Wednesday trading.

Denbury Resources Inc. notes were mixed again. On Tuesday, the company priced a $450 million offering of senior notes.

Sanchez Energy Corp. issues saw a multi-point drop. The company recently failed to meet Q2 earnings estimates.

Diebold Nixdorf, Inc. paper declined. The company has hired financial advisers to assist in finding potential buyers.

Intelsat SA notes fell. Recently, a subsidiary priced a $1.25 billion offering of senior notes.

Frontier Communications Corp. issues were mixed. The company recently released a less than stellar earnings report.

Rite Aid Corp. paper improved. A recent canceled merger and ratings downgrade have spurred a negative trend in trading.

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