Diebold Nixdorf sinks; Carvana lower; Talen flat, CDS spreads widen; Rite Aid softens

By Cristal Cody

Tupelo, Miss., April 29 – Diebold Nixdorf Inc.’s senior notes plunged 10½ points on Friday with the paper ending April about 30 points lower.

Diebold Nixdorf’s 8½% notes due 2024 (Caa1/CCC) sank to 66 bid and yielding over 33% in Friday’s session, a market source said.

Secondary volume totaled $14 million.

Carvana Co.’s paper remained weak in steady trading on Friday following the company’s new issue on Wednesday.

The online car retailer’s 4 7/8% senior notes due 2029 (Caa2/CCC+) were seen down 2 3/8 points at 73 3/8 bid on $7 million of secondary action, a source said.

Talen Energy Supply LLC’s senior notes stayed mostly unchanged, though its credit default swap spreads moved out over 1,000 basis points for the past week, market sources reported.

Talen’s 6½% senior notes due 2025 (C/CC/CCC) were trading mostly unchanged on the day and week at the 37 bid range by late afternoon on Friday.

Rite Aid Corp.’s notes stayed soft on Friday in thin trading, while its CDS spreads also softened this week, sources said.

The company’s 7½% senior secured notes due 2025 (B3/CCC/BB-) edged down 3/8 point to 86 bid on Friday.

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