Intelsat notes gain again as company offers new notes; Diebold plummets on Q2 loss

By James McCandless

San Antonio, Aug. 1 – The distressed debt market saw increased trading on Wednesday as earnings season ramped up.

Intelsat SA notes gained again as the company prepares a $1 billion offering of new notes. On Tuesday, the company released a mixed earnings report.

Diebold Nixdorf, Inc. issues cratered after the company posted an unexpected loss in its Q2 earnings report.

Community Health Systems, Inc. paper declined after the company announced that an affiliate of has completed an asset sale.

Frontier Communications Corp. notes were mixed again. The company released its Q2 earnings report after market close last Thursday.

FirstEnergy Solutions Corp. issues rose again. On Tuesday, its parent company posted its Q2 earnings report.

American Tire Distributors fell again as the company implements a reorganization strategy.

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