| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Revlon, Inc. > News item |
Diamond Sports active, Sinclair pressured; Revlon, Bed Bath & Beyond trade; Lumen drops
By Cristal Cody
Tupelo, Miss., Feb. 21 – Diamond Sports Group LLC’s paper saw strong trading action on Tuesday as concerns grow that a potential bankruptcy could cut into coverage of the upcoming baseball season.
Diamond Sports’ 5 3/8% senior secured notes due 2026 (Caa3/D) were “the most active distressed name,” a source said.
The bonds were quoted flat to about ¼ point better from Friday at 11¼ bid, 12¼ offered.
Bonds from the parent company also have been under pressure with Sinclair Television Group Inc.’s 5½% senior notes due 2030 (B2/B-) ending the prior week down about 4 points on a 78 bid handle on trading totaling $23 million, according to a BofA Securities research note.
Distressed paper from Revlon, Inc. and Bed Bath & Beyond Inc. also traded on Tuesday.
Bed Bath & Beyond’s 5.165% senior notes due 2044 (C/D) slipped about ½ point to 11 bid, 12 offered, a source said.
Revlon’s 6¼% senior notes due 2024 were active but mostly unchanged around the 5 bid, 6 offered area.
Lumen Technologies, Inc.’s 4½% notes due 2029 (B2/B+) stood out on Tuesday with the issue dropping below a 50 handle, according to a market source.
The bonds were down 2¾ points at 49 bid on about $10.5 million of volume.
© 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.