Endo, Talen, Diamond Sports, Washington Prime, Transocean down; Peabody up; GEO on mend

By Cristal Cody

Tupelo, Miss., July 8 – Endo Finance LLC’s bonds continued to decline in heavy distressed secondary action on Thursday.

Endo’s 6% senior notes due 2028 (Caa2/CCC+) dropped 1 7/8 points to 62 5/8 bid on $26.8 million of paper traded, a source said.

Diamond Sports Group LLC’s bonds also traded lower with the 6 5/8% senior notes due 2027 (Caa2/CCC-) quoted at 45 bid, down 2¾ points, on $4 million of secondary activity.

Elsewhere, Talen Energy Supply LLC’s bonds declined about 1 7/8 points to 3 points, a source reported.

Talen’s 10½% notes due 2026 (B3/CCC+/B) fell about 3 points to 65½ bid on $2 million of volume.

Transocean Inc.’s 7½% senior notes due 2031 (C/CCC/) dropped 2¾ points to 74 bid on $1 million of trading supply on Thursday.

Peabody Energy Corp.’s 8½% senior secured notes due 2024 (Caa1/CCC-) improved more than 1¼ points to 78½ bid in thin trading of less than $1 million.

Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/CC) fell more than ½ point to 64½ bid during the session.

Meanwhile, GEO Group Inc.’s 6% guaranteed senior notes due 2026 (B2/CCC) rallied nearly 2½ points to head out near the 85 bid area on $2 million of trading volume on Thursday, a source said.

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