Talen mixed; Energy Transfer up; PBF, Staples, Diamond Sports, Washington Prime down

By Cristal Cody

Tupelo, Miss., June 17 – Talen Energy Supply LLC’s bonds traded mostly better on Thursday after the paper rallied 1½ points to 5¾ points in the prior session following Moody’s Investors Service’s negative outlook.

Talen’s 10½% notes due 2026 (B3/CCC+/B) improved 1¼ points to 75½ bid after climbing 5¾ points in the prior day, a source said.

Elsewhere, PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) fell more than 2¾ points to 71¾ bid on over $2 million of trading supply.

Dallas-based gas supplier Energy Transfer LP’s 6¼% series A perpetual securities (/BB/) rose 2 1/8 points to 89 5/8 bid in light trading.

Meanwhile, Staples Inc.’s 10¾% senior notes due 2027 (Caa1/CCC+) saw over $17 million of trading volume, a source said.

The Framingham, Mass.-based office retailer’s notes fell 0.675 point to 101½ bid on a yield of more than 10%.

Also Thursday, Diamond Sports Group LLC’s 5 3/8% senior secured notes due 2026 (B2/CCC+) declined 1¾ points to 69¾ bid in light trading totaling about $1.6 million.

Washington Prime Group, LP’s notes softened after seeing gains in the prior three sessions following the company’s weekend Chapter 11 bankruptcy filing, a source said.

The 6.45% notes due 2024 (C/D/CC) fell 1¼ points to 75 bid on $8 million of secondary volume.

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