| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item |
Altice, CSC under secondary pressure; Rite Aid paper, CDS spreads weak; Transocean up
By Cristal Cody
Tupelo, Miss., Nov. 3 – CSC Holdings LLC’s paper gave back about 5½ points to more than 6 points in busy secondary trading on Thursday, while shares of subsidiary Altice USA, Inc. sank nearly 30%.
CSC’s 5¾% senior notes due 2030 (B3/B) slid more than 5¾ points to around 71 bid on $10.8 million of volume, a day after Altice reported soft third-quarter earnings and lower revenue, a source said.
Rite Aid Corp.’s 8% senior secured notes due 2026 (B3/CCC-/BB-) saw modest gains on Thursday but remained soft on the week, while the drugstore chain’s credit default swap spreads were more than 350 basis points wider this week, according to market sources.
Rite Aid’s 8% senior secured notes due 2026 (B3/CCC-/BB-) went out about ½ point better at 62¾ bid in mostly light trading on Thursday.
Transocean Inc.’s notes were moving about 1 point to more than 2 points higher in steady trading over the day as oil prices saw continued pressure.
The West Texas Intermediate crude oil benchmark futures for December delivery declined $1.83 to settle at $88.17 a barrel.
Transocean’s 6.8% senior notes due 2038 (C/CCC-) added 2½ points to a quote of 63¾ bid on more than $7 million of paper traded, a source said.
© 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.