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Exela, Diamond Sports, Talen, Peabody, Mallinckrodt gain; Washington Prime declines
By Cristal Cody
Tupelo, Miss., June 30 – Exela Technologies, Inc.’s bonds soared following the Irving, Tex.-based software and services company’s completion of a $100 million at-the-market equity program.
Exela Intermediate LLC’s 10% senior secured first-lien notes due 2023 (Caa3/CCC-) jumped more than 20 points to head out near the 63¾ bid area on $61 million of paper traded, a source said.
In other distressed trading, Diamond Sports Group LLC’s 5 3/8% senior secured notes due 2026 (B2/CCC+) climbed more than 2½ points to 64¾ bid.
Talen Energy Supply LLC’s paper improved with the 6½% senior notes due 2025 (B3/CCC+/B) up more than 3¼ points at the 69¼ bid area.
W&T Offshore Inc.’s 9¾% senior secured notes due 2023 (Caa2/B) rose ½ point to 97 bid over the session.
Peabody Energy Corp.’s 6 3/8% notes due 2025 (Caa1/CCC) traded 1½ points higher at 74 bid.
Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/CC) dipped about ¼ point to the 65 bid area.
Mallinckrodt plc’s 5 5/8% notes due 2023 were seen at 70 bid, about ¾ point better than where the issue last traded on Monday.
Endo Finance LLC’s 6% senior notes due 2028 (Caa2/CCC+) were mostly unchanged at 57¼ bid on Wednesday.
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