FirstEnergy Solutions notes regain some losses; Community Health issues down

By James McCandless

San Antonio, April 3 – The week continued at a snail’s pace in the distressed debt market as traders reported low activity as people continued to trickle back in from the long weekend.

FirstEnergy Solutions Corp. notes recovered slightly after bankruptcy news caused multipoint losses.

Community Health Systems, Inc. issues trended down again Tuesday as the company works its way through its divestiture plan.

Remington Outdoor Co., Inc. paper saw a slight bump as the company seeks to delay settlement of a class-action lawsuit until bankruptcy proceedings conclude.

Frontier Communications Corp. notes remained mixed atop the distressed telecom space. Intelsat SA, another telecom favorite, saw issues trade higher. Mallinckrodt plc paper rose as it returned to high volume in the healthcare sector. Revlon, Inc. notes were mixed, leading activity in the distressed retail space.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.