Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hexion Inc. > News item |
Distressed debt players eye Hi-Crush; Hexion’s 2020 notes mixed; Navios Maritime gains
By Abigail W. Adams
Portland, Me., Oct. 22 – The distressed debt space launched the week with low trading volume with the majority of activity belonging to straight high-yield names.
However, one high-yield name was on the radar of distressed debt players as a credit that could crack in the near future.
Hi-Crush Partners LP’s 9˝% senior notes due 2026 saw heavy-trading volume with the notes firming as its equity tanked after reporting earnings prior to the market open.
The 9˝% notes have struggled since pricing in July and could fall into distressed territory, a market source said.
Hexion, Inc.’s senior notes maturing in 2020 remained in focus after active trading last week.
The first-lien notes continued to post gains while the second-lien notes again saw losses as second-lien noteholders prepare for negotiations.
Navios Maritime Holdings’ 7 3/8% senior notes due 2022 gained in light trading volume on Monday. There has recently been a reshuffling of ownership in the shipping company’s subsidiaries.
© 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.