Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alta Mesa Resources, Inc. > News item |
PetSmart higher as earnings anticipated; Hexion mixed as company launches DIP term loan
By James McCandless
San Antonio, April 8 – A new week in distressed trading continued to focus on news-driven names.
PetSmart, Inc.’s notes moved higher as the market anticipated the release of earnings numbers from the private name.
Sector peer Bed Bath & Beyond, Inc.’s issues closed better.
Elsewhere, chemicals name Hexion Inc.’s paper was mixed as the company launched a $350 debtor-in-possession term loan.
Meanwhile, in oil and gas, Alta Mesa Resources, Inc.’s notes dropped before a company announcement about financial alternatives.
Rising oil futures gave way for similar improvements for California Resources Corp., Weatherford International plc and Denbury Resources Inc.’s issues.
In telecom, Intelsat SA and Frontier Communications Corp.’s paper was seen gaining.
© 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.