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Team Health paper shoots up; Altice France declines; Sinclair notes active; DISH lower
By Cristal Cody
Tupelo, Miss., Aug. 18 – Overall junk trading action slowed on Friday with activity in the distressed space light.
Team Health Holdings, Inc.’s 6 3/8% notes due 2025 (Ca/CCC-/CC) climbed 8¼ points to 70½ bid on $2 million of secondary action, a source said.
Team Health’s notes have rallied close to 20 points since last week.
Altice France Holding SA’s 10½% senior notes due 2027 (Caa2/CCC) were down ¾ point at 52 bid in one of the most active distressed names on $5.7 million of trading, a source said.
Sinclair Broadcast Group, Inc.’s paper also was active on Friday, a source said.
The company is being sued by subsidiary Diamond Sports Group LLC, which filed for Chapter 11 bankruptcy in March.
Sinclair Television Group Inc.’s 5½% senior notes due 2030 (B2/B-) were quoted at 54¾ bid on $5 million of paper traded.
Bonds from DISH Network Corp. slipped more than 1 point on under $10 million of secondary supply on Friday.
DISH DBS Corp.’s 7¾% senior notes due 2026 (Caa2/B-) fell 1¾ points to 73¾ bid on $4.15 million of trading, a source said.
DISH’s 5¾% senior secured notes due 2028 (B2/B) traded off 1¼ points to 77¾ bid on $2.6 million of activity.
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