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Rite Aid paper limps back at week’s start; Altice bonds soften; Bausch Health improves
By Cristal Cody
Tupelo, Miss., July 17 – Rite Aid Corp.’s 8% senior secured notes due 2026 (Caa3/CCC-/B) traded on Monday ½ point better but remain down about 3 points or more since declining after the release of the company’s 10-Q regulatory filing.
Rite Aid’s 8% senior secured notes due 2026 (Caa3/CCC-/B) went out at 44¼ bid, according to a market source.
In the same session a week ago, the 8% bonds traded at 47 bid, 48 offered.
The bonds went into the weekend mostly flat after trading as low as 39½ bid, 40½ offered on Wednesday.
Altice Financing SA’s 5% notes due 2028 slid 3 points on Monday with the company’s co-founder facing corruption charges and parent Altice USA, Inc.’s chairman resigning from the board.
The notes were quoted at 76¼ bid, a market source reported.
Bausch Health Cos. Inc.’s 8½% senior secured notes due 2027 (Caa1/CCC+/B) were up ¼ point over the morning and held on to the gain by the close, a source said.
The issue was quoted at 58¼ bid.
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