| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rite Aid Corp. > News item |
Bed Bath & Beyond falls after interest payment; QVC downtrend continues; Bausch better
By Abigail W. Adams
Portland, Me., March 6 – The distressed debt space saw a quiet start to the week with volume light and no clear theme to the names that did trade.
The broader market launched the week with gains with the S&P U.S. High Yield Corporate Distressed Bond index adding 0.74% during Monday’s session.
Bausch Health Cos. Inc.’s senior notes were nominally improved in active trading on a strong day for the distressed debt space.
Bausch’s 4 7/8% senior secured notes due 2028 (Caa1/CCC+) gained ¼ point to close the session at 62½, according to a market source.
Bausch’s 9¼% senior notes due 2026 (Ca/CCC-) rose 5/8 point to close the session at 76¾.
However, several retail names were under pressure with QVC Inc.’s senior notes continuing their downtrend following earnings from parent company Qurate Retail Inc. the previous week.
Rite Aid Corp.’s 8% senior secured notes due 2026 (Caa3/CCC-/CCC) were also off by almost 1 point.
Bed Bath & Beyond Inc.’s 4.915% senior notes due 2034 (C/C) fell in light volume after the company made its missed interest payment.
© 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.