Endo under pressure; AMC gains; Talen extends decline; Transocean, PBF up; GEO softens

By Cristal Cody

Tupelo, Miss., July 9 – Endo Finance LLC’s bonds continued to slide in heavy distressed secondary action over Friday’s session.

Endo’s 6% senior notes due 2028 (Caa2/CCC+) declined about 1¼ points to the 60¾ bid area on over $8.5 million of volume, a source said.

Mallinckrodt plc’s 4¾% notes due 2023 fell more than 1½ points to 23 bid.

Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/CC) were on the mend on Friday and headed out up ¾ point at 66 bid.

Also higher, AMC Entertainment Holdings, Inc.’s 12% second-lien senior secured notes due 2026 (Ca/C) rose 1/8 point to 99 3/8 bid on $14.25 million of trading activity, a source said.

Talen Energy Supply LLC’s bonds sank nearly 2 points to 2½ points on Friday.

The 6½% senior notes due 2025 (B3/CCC+/B) dropped 2½ points to 58 bid on $5 million of paper traded.

Transocean Inc.’s 7½% senior notes due 2031 (C/CCC/) jumped 1¾ points to 75¾ bid.

Also, PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) traded more than 1 point better at 66¼ bid on more than $3.6 million of secondary volume.

GEO Group Inc.’s 6% guaranteed senior notes due 2026 (B2/CCC) fell more than 2 points to the 83 bid area on $2 million of trading activity.

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