| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for TPC Group Inc. > News item |
Talen declines; Transocean up; TPC rallies since bankruptcy filing; Carrols, GPS active
By Cristal Cody
Tupelo, Miss., June 8 – Talen Energy Supply LLC’s bonds dove 1¼ points to 3 points in strong trading on Wednesday with the paper remaining mostly higher since the company filed for Chapter 11 bankruptcy.
Talen’s 10½% senior notes due 2026 (/D/C) dropped 1¼ points to 63¾ bid on $22 million of volume, a source said.
Transocean Inc.’s bonds were trading about 1¼ points to 2¼ points higher on the back of stronger oil prices.
Transocean’s 6.8% senior notes due 2038 (C/CCC) traded up 2¼ points to 62¼ bid on $5 million of secondary supply, a source said.
In other distressed paper, TPC Group Inc.’s 10½% senior secured notes due 2024 (Caa3/D/C) have climbed more than 15 points since the company filed for Chapter 11 bankruptcy a week ago.
The issue rose ¼ point to 53½ bid in light secondary action on Wednesday, a source said.
Carrols Restaurant Group Inc.’s 5 7/8% senior notes due 2029 (Caa1/CCC) fell about ¼ point to 76¼ bid in thin volume on Wednesday, a market source said.
GPS Hospitality Holding Co. LLC’s 7% senior secured notes due 2028 (Caa1/B-/B-) have picked up nearly 10 points since the end of May, a source said. The bonds were flat on Wednesday at 74 bid.
© 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.