Community Health volume remains high; Windstream notes trade up after acquisition

By James McCandless

San Antonio, March 27 – The distressed debt market experienced another slow day in trading Tuesday, market sources confirmed, as investors remained reluctant to jump into the market on a holiday week.

Community Health Systems, Inc. notes continued their stretch of high volume. On Tuesday, the company entered into its fourth amendment to its credit agreement.

Windstream Holdings, Inc. issues became active as the company announced the acquisition of networking solutions name MASS Communications.

Frontier Communications Corp. paper finished another day as a leader in the distressed telecom space on the back of positive news.

Intelsat SA continued to provide more volume in telecom. Elsewhere in the healthcare sector, Mallinckrodt plc remained in high volume. Sears Holdings Corp., Inc. and Revlon, Inc. contributed volume from the distressed retail space.

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