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Published on 4/13/2021 in the Prospect News High Yield Daily.

Diamond Sports, Endo decline; Talen, Nine Energy, Mallinckrodt, Hertz up

By Cristal Cody

Tupelo, Miss., April 13 – Diamond Sports Group LLC’s 6 5/8% senior notes due 2027 (B3/CCC-) declined 1½ points to 45½ bid on $12.5 million of trading volume on Tuesday, a source said.

In the energy space, Talen Energy Supply LLC’s paper traded more than 1½ points higher.

Oilfield services company Nine Energy Service, Inc.’s 8¾% notes due 2023 (Caa2/D) saw heavy trading on Tuesday at 40½ to 41 bid.

Endo Finance LLC’s 6% senior notes due 2028 (Caa2/CCC+) fell 3½ points to 75 bid over the day.

In the same session a week ago, the notes were quoted at 82 bid.

Bankrupt pharmaceuticals maker Mallinckrodt plc’s 4¾% notes due 2023 were up about 3 points at 25 bid in thin supply.

Meanwhile, bankrupt Hertz Corp.’s 7% notes due 2028 traded Tuesday at 78½ bid, up 4½ points from the same session a week ago.

The bonds traded at the start of 2021 at a 50 bid area.


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