| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item |
Rite Aid notes down after quarterly results; Carnival paper up on strong fourth quarter
By Cristal Cody
Tupelo, Miss., Dec. 21 – Distressed secondary activity continued to thin on Wednesday as desks clear ahead of the holidays and year-end.
Rite Aid Corp.’s 7½% senior secured notes due 2025 (B3/CCC-/CCC) softened ¾ point in light trading after the drug store chain reported fiscal 2023 third-quarter results, a source said.
The issue went out at 69½ bid on $1.25 million of volume.
Rite Aid reported losses climbed to $1.23 a share from 67 cents a share a year ago.
Carnival Corp. & plc’s bonds saw much of the secondary action on Wednesday after the cruise line operator posted improved fourth-quarter earnings.
The notes were trading about 2¼ points to more than 3 points better on more than $86 million of secondary supply, a source said.
Carnival’s 10½% notes due 2030 (B3/B) added 3 3/8 points to go out the door at 83 5/8 bid on $10.5 million of paper traded on Wednesday.
The company’s 6% notes due 2029 (B3/B) also rose 2¼ points to a quote of 68½ bid on nearly $12 million of secondary volume.
Carnival said Wednesday that fourth-quarter revenue climbed while losses improved from a year ago.
© 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.