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Hertz mixed; Washington Prime down; Moss Creek gains; Peabody continues climb; AMC up
By Cristal Cody
Tupelo, Miss., June 10 – Hertz Corp.’s bonds headed out mixed after the company’s Chapter 11 bankruptcy plan of reorganization received court approval on Thursday.
The 6¼% notes due 2022 rose 1¼ points to 100¼ bid, a source said.
Hertz’s 5½% senior notes due 2024 traded at 101 bid in thin volume over the day.
Distressed real estate investment trust Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/C) declined to 64 bid after the notes traded about 2 points better at 65 bid in the prior session.
Peabody Energy Corp.’s 6 3/8% notes due 2025 (Caa1/CCC) headed out up another 1½ points at 73 bid, a source said.
The notes added 5¼ points to 66¼ bid on Monday, 2¼ points to 68½ bid on Tuesday and 3 points to 71½ bid on Wednesday.
Moss Creek Resources Holdings Inc.’s paper remained better Thursday following Moody’s Investors Service’s upgrade in the prior session, a source said.
The company’s 7½% senior notes due 2026 (Caa1/B) rose ½ point to 93¾ bid.
Also Thursday, AMC Entertainment Holdings, Inc.’s 12% second-lien senior secured notes due 2026 (Ca/CCC-) improved to 103 7/8 bid after going out at 103½ bid in the prior session, a source said.
S&P upgraded AMC’s ratings on Thursday to CCC+ from CCC.
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