Washington Prime notes flat; Hertz mixed; Moss Creek up; Diamond Sports declines

By Cristal Cody

Tupelo, Miss., April 12 – Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/C) traded in the 59 to 61 bid range Monday after the real estate investment trust announced a second forbearance over a missed bond payment.

Hertz Corp.’s bonds were mixed ahead of a Friday court hearing for its Chapter 11 bankruptcy plan.

The car rental company’s 7% notes due 2028 fell about 1 point to 74 bid, a source said.

Bankrupt offshore drilling contractor Valaris plc’s 4½% notes due 2024 were quoted down about ½ point at 6¾ bid.

Oil and gas explorer Moss Creek Resources Holdings Inc.’s 7½% senior notes due 2026 (Caa2/B-) rose ½ point to 84 bid, a source said.

Distressed sports broadcast group Diamond Sports Group LLC’s 6 5/8% senior notes due 2027 (B3/CCC-) fell 2¼ points to 47 bid.

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