| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AMC Entertainment Holdings Inc. > News item |
AMC bonds stronger on day, week; Bausch notes mixed; December distressed returns up
By Cristal Cody
Tupelo, Miss., Dec. 15 – Trading remained strong in AMC Entertainment Holdings, Inc.’s junk and distressed paper Friday after the company reported it will exchange $36 million of its 10%/12% cash/PIK second-lien subordinated notes due 2026 for class A shares in a series of privately negotiated agreements.
AMC’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) rose ¾ point to 84¾ bid in one of the session’s busiest bonds on $15.5 million of volume, a source said.
The notes were ending the week about 3¾ points better.
AMC’s 7½% senior secured first-lien notes due 2029 (Caa1/B-) edged up less than 1/8 point to just under 70 bid on $6 million of trading.
The secured notes were going out more than 2 points higher on the week.
Bausch Health Cos. Inc.’s 11% senior secured first-lien notes due 2028 (Caa1/CCC+/B) were under pressure with the notes down over 1 point at 69¼ bid on nearly $12 million of activity, a source said.
The 6 1/8% senior secured notes due 2027 (Caa1/CCC+/B) were flat at 65 bid in light trading totaling $3 million.
Elsewhere, S&P U.S. High Yield Corporate Distressed Bond index month-to-date total returns climbed to nearly 6% on Thursday, while year-to-date distressed total returns improved to more than 21% in the prior session.
© 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.