| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Revlon, Inc. > News item |
Revlon notes mixed as ratings put on watch; Superior Energy drops after offer extended
By James McCandless
San Antonio, Feb. 14 – Distressed debt trading focused on the retail and energy sectors on Friday.
Revlon, Inc.’s notes varied in direction as the company’s ratings were put under review by a ratings agency.
The 5¾% senior notes due 2021 rose ½ point to close at 83¾ bid. The 6¼% senior notes due 2024 shaved off ¼ point to close at 40½ bid.
On Friday, S&P Global Ratings announced that it had placed the New York-based cosmetics producer’s ratings on CreditWatch.
The agency said that the step was taken to reflect the increasing uncertainty surrounding the company’s ability to refinance $500 million of senior notes that are maturing shortly.
Oilfield services name Superior Energy Services, Inc.’s paper dropped after the company extended an exchange offer for senior notes.
The 7 1/8% senior notes due 2021 shed 3½ points to close at 80½ bid. The 7¾% senior paper due 2024 lost 4½ points to close at 58 bid.
Early Friday, the Houston-based oilfield services provider announced that wholly owned subsidiary SESI, LLC further extended the expiration time of its offer to exchange $635 million of its $800 million outstanding 7 1/8% senior notes due 2021 for $635 million of new 7 1/8% senior notes due 2021, Prospect News reported.
© 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.