| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for WeWork Cos. LLC > News item |
Weatherford, NGL, Nabors notes gain; WeWork active on merger talk; AMC paper recovers
By Cristal Cody
Tupelo, Miss., Feb. 3 – Distressed energy bonds mostly climbed higher in secondary trading on Wednesday in tandem with oil prices.
Oil and gas company Weatherford International plc’s 11% senior notes due 2024 (B3/CCC) traded 4 1/8 points better at 92 5/8 bid, a source said.
NGL Energy Partners LP’s 7½% notes due 2026 (Caa1/CCC+) were heavily traded over the past two sessions, improving ½ point to 77¾ bid on Wednesday, according to a market source.
Oil and drilling contractor Nabors Industries Ltd.’s 5.1% senior notes due 2023 (Caa2) headed out up 2¼ points at 87¾ bid.
Nabors’ 5¾% senior notes due 2025 (Caa2) also traded 2 points better on the day at 68 bid, a source said.
In other distressed secondary trading, WeWork Cos. LLC’s bonds have softened this week on reports of a possible merger with a special purposes acquisition company, a market source reported.
The flexible office share company’s 7 7/8% senior notes due 2025 (CCC+/CC) saw thin trading Wednesday at 84.475 bid.
Elsewhere, AMC Entertainment Holdings, Inc.’s 12% second-lien senior secured notes due 2026 (Ca/C) recovered 4¾ points to 68¼ bid in heavy trading volume on Wednesday after softening 9¾ points in the prior session, a source said.
© 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.