Exela jumps on buyout speculation; Mallinckrodt decline continues; energy names under pressure

By Abigail W. Adams

Portland, Me., July 18 – Several names in the distressed debt space saw active trading on Thursday, albeit the notes moved in opposite directions.

Exela Technologies Inc.’s 10% senior notes due 2023 were on the rise on Thursday on news an investor group had expressed interest in buying out the company.

The oil patch remained under pressure on Thursday with several energy names selling off as crude oil futures hit their lowest level in a month.

Mallinckrodt plc’s 5½% senior notes due 2025 continued their decline on Thursday despite news of a new partnership.

© 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.