Frontier mixed as holder urges debt exchange; L Brands mixed in retail space

By James McCandless

San Antonio, June 21 – At the end of the week, the distressed space paid more attention to the telecom and retail sectors.

Frontier Communications Corp.’s notes were mixed as a major stakeholder warned the company against filing for bankruptcy.

Sector peer Intelsat SA’s issues also ended mixed.

In retail, L Brands, Inc.’s paper finished mixed a day after announcing the results of a four-series tender offer.

Pet retailer PetSmart, Inc.’s notes ended mixed.

Meanwhile, in energy, Ensco Rowan plc’s and Diamond Offshore Drilling, Inc.’s issues followed futures higher as Chaparral Energy, Inc.’s paper fell.

Elsewhere, in finance, Deutsche Bank AG’s notes spent a fourth straight day rising.

Helicopter operator Air Methods Corp.’s issues dipped.

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