Windstream higher as Uniti lease in question; PetSmart declines in retail

By James McCandless

San Antonio, June 18 – Telecom and retail names took much of the attention in the distressed space on Tuesday.

Windstream Holdings, Inc.’s notes were moving higher as a bankruptcy court extended the deadline to make a decision on whether to keep a lease.

Sector peer Frontier Communications Corp.’s issues finished mixed.

Meanwhile, in retail, PetSmart, Inc.’s paper declined after riding a high as it prepped the initial public offering for Chewy, Inc.

L Brands, Inc., another retailer, saw its notes trade mixed.

In energy, Hi-Crush Partners LP’s issues rose with oil futures as Ensco Rowan plc’s and California Resources Corp.’s paper was mixed.

Elsewhere, in pharma, Teva Pharmaceutical Industries Ltd.’s notes were mixed as Endo International plc’s issues gained.

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