AMC Entertainment notes slip; DISH bonds improve; Altice paper rallies in busy trading

By Cristal Cody

Tupelo, Miss., Sept. 7 – AMC Entertainment Holdings, Inc.’s paper continued to rack up heavy secondary action on Thursday.

AMC’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) fell nearly 1 point to around 67 bid on $23 million of trading after shedding 2 points on Wednesday on $19 million of volume, a source said.

AMC’s 7½% senior secured first-lien notes due 2029 (Caa1/B-) also were nearly ½ point lower with a 67 bid handle in trading that totaled $5 million.

Elsewhere, DISH Network Corp.’s bonds improved about 1 point to 1¼ points in strong secondary activity, a source said.

DISH DBS Corp.’s 7¾% senior notes due 2026 (Caa2/B-) went out 1 point better at 75¾ bid on $9 million of volume.

The 7 3/8% senior notes due 2028 (Caa2/B-) were 1 point higher on Thursday at 64½ bid on $6 million of activity.

Also in the space, Altice France Holding SA’s paper was heavily traded and among the day’s biggest gainers in the distressed secondary market, a source reported.

Altice’s 10½% senior notes due 2027 (Caa2/CCC) rallied over 2 points to around 59½ bid on $12 million of secondary volume.

The 6% notes due 2028 (Caa2/CCC) jumped 3½ points to a quote of 50 bid on $5 million of supply.

© 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.