Radiology Partners gains; Bausch Health notes soften; DISH mixed; AMC bonds lower

By Cristal Cody

Tupelo, Miss., Aug. 15 – Overall distressed secondary trading volume slowed on Tuesday with more activity from distressed health care services providers.

A bond from Radiology Partners Inc. was pegged as the most active distressed issue trading with $23 million of volume reported, a source said.

The 5¼% senior secured notes due 2025 (B3/CCC+) rose more than 2¼ points to 73 bid.

Bausch Health Americas, Inc.’s notes gave back about ¼ point to ½ point after rallying on Monday in strong volume.

Bausch Health Cos. Inc.’s 6 1/8% senior secured notes due 2027 (Caa1/CCC+/B) dropped more than ¼ point to 64¼ bid on $8.9 million of trading, a source said.

Outside of the distressed health care space, DISH Network Corp.’s paper was mixed in one of the more active names.

The 7¾% senior notes due 2026 (Caa2/B-) were down more than ¼ point on a 76 handle on $9.3 million of volume, a source said.

AMC Entertainment Holdings, Inc.’s notes continued to decline on Tuesday but trading was light.

AMC’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) fell 1 1/8 points to 75 7/8 bid on $3.5 million of activity, a source said.

The 7½% senior secured first-lien notes due 2029 (Caa1/B-) dropped 1 5/8 points to 71 3/8 bid on $2 million of volume.

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