| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Endo Finance LLC > News item |
Diamond Sports soft; Kaisa, Evergrande weaken; Endo, Mallinckrodt, Air Methods up
By Cristal Cody
Tupelo, Miss., Nov. 4 – Diamond Sports Group LLC’s bonds mostly sank in heavy secondary trading Thursday a day after parent Sinclair Broadcast Group Inc. reported third-quarter results and said that it had been hit by hackers with ransomware.
Diamond Sports’ 6 5/8% senior notes due 2027 (Ca/CC) traded as low as 22½ bid after going out Wednesday down 3¼ points at 26 bid.
The notes finished Thursday about 1½ points softer at 24½ bid on over $18 million of volume, a source said.
Elsewhere, Kaisa Group Holdings Ltd.’s bonds slid about 3¼ points to over 8 points.
Kaisa’s 10 7/8% senior notes due 2023 (Caa2//CCC+) fell 4¾ points to 27¼ bid by the close.
China Evergrande Group’s 8¾% senior notes due 2025 (C/C/C) were about 1½ points weaker at 25½ bid.
Distressed health care bonds were stronger on the day.
Endo Finance LLC’s 6% senior notes due 2028 (Caa3/CCC-) traded over 1¾ points higher at 76¾ bid, a source said.
Mallinckrodt plc’s notes jumped 3 points to 5¼ points.
The company’s 5¾% notes due 2022 climbed 5¼ points to 53¼ bid.
Air Methods Corp.’s notes also were on the move with the 8% senior notes due 2025 (Caa3/CCC) up nearly 5¾ points at 84¼ 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.