12/5/2024 | CLHY | Market Commentary: Hexion, Calpine, Bright Horizons, Starwood, Waystar, Travel + Leisure and more break
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12/2/2024 | CLHY | Market Commentary: Dechra updated; Culligan, Vistra, BrightSpring, CQP, Innio, Starwood and many more set talk
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11/13/2024 | BKHY | S&P lifts Hexion view to stable
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2/10/2022 | BKHY | S&P rates Hexion Holdings, loans B, B-
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2/10/2022 | BKHY | Moody's assigns Hexion loans B2, Caa2
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7/8/2021 | BKBWHY | Hexion CEO details post-bankruptcy, post-Covid balance sheet progress
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3/23/2021 | BKDDHY | S&P turns Hexion outlook to stable
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3/11/2021 | BKBWHY | Hexion to cut leverage ratio by paying down debt with sale proceeds
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3/25/2020 | BKDDHY | S&P downgrades Hexion
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3/12/2020 | BKBWHY | Hexion aspires to get leverage ratio below 3x through debt repayment
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7/9/2019 | HY | Market Commentary: Sinclair megadeal, Melco Resorts on tap; Hexion drops; Chemours under pressure; PG&E on the rise
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7/2/2019 | HY | Market Commentary: Morning Commentary: Recent junk issues trade mixed; liquidity dwindles as holiday nears
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6/27/2019 | CLHY | Market Commentary: Allied Universal, ERM, Upland Software, Corel, Hexion, Curium Pharma, Vast Broadband break
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6/26/2019 | HY | Market Commentary: Fairstone, Hannon Armstrong, Springleaf tap price; Sirius Computer on deck; Antero Midstream lags
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6/26/2019 | CLHY | Market Commentary: Vitech Systems Group, Cypress Performance break; Curium Pharma, Hexion revise deals
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6/26/2019 | HY | Market Commentary: Morning Commentary: Springleaf, Virtu bring drive-bys; Charter, Hexion trade higher
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6/25/2019 | HY | Market Commentary: New deal frenzy continues; primary prices $3.35 billion over six deals; Antero, William Lyon lag
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6/25/2019 | HY | New Issue: Hexion prices $450 million eight-year notes at par to yield 7 7/8%
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6/25/2019 | HY | Hexion talks $450 million eight-year notes to yield in 8% area; pricing Tuesday
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6/21/2019 | HY | Market Commentary: Michaels Stores, Talen Energy price; LSC Communications tanks; Sprint trades down
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6/20/2019 | HY | Market Commentary: OWICs abound; Nexstar skyrockets; Avis, Norbord go up; PG&E gains; funds add $602 million
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6/19/2019 | HY | Market Commentary: Nexstar, Avis, Norbord price; Hexion, Michaels, Alpha Auto, Avon add-on on tap; new paper in focus, gains
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6/19/2019 | HY | Hexion starts roadshow for $450 million eight-year notes supporting emergence from bankruptcy
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6/19/2019 | HY | Hexion starts roadshow for $450 million eight-year notes supporting emergence from bankruptcy
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6/11/2019 | HY | Market Commentary: Hexion mixed as term loan prepped; Legacy Reserves down on bankruptcy talk
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6/10/2019 | HY | Market Commentary: Ensco Rowan gains after gaining consents; Hexion drops as debt approved
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6/10/2019 | BKDDHY | S&P rates Hexion loan BB-, notes B-
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6/10/2019 | BKDDHY | Moody's rates Hexion loans, notes Ba3
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5/15/2019 | HY | Market Commentary: Teva lower on continued scrutiny; Chaparral Energy drops after downgrade
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5/3/2019 | HY | Market Commentary: California Resources mixed post-earnings; PetSmart jumps as outlook changed
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4/12/2019 | HY | Market Commentary: PG&E mixed as insurance fund unveiled; Adient lower despite analyst upgrade
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4/11/2019 | HY | Market Commentary: PG&E rises as insurance fund proposed; Ensco, Rowan lower as merger finalized
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4/11/2019 | BKDDHY | Moody's rates Hexion DIP loan Ba2
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4/9/2019 | HY | Market Commentary: PetSmart mixed at top of retail space; Alta Mesa gains as financial alternatives sought
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4/8/2019 | HY | Market Commentary: PetSmart higher as earnings anticipated; Hexion mixed as company launches DIP term loan
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4/5/2019 | BKCVDDEMHY | Prospect News reports six new defaults for week of March 28-April 3
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4/4/2019 | HY | Market Commentary: PG&E mixed after new CEO, directors appointed; PetSmart gains after amendment approval
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4/3/2019 | HY | Market Commentary: Alta Mesa dips as company delays annual report; Intelsat gains after analyst upgrade
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4/3/2019 | BKDDHY | Moody's downgrades Hexion
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4/2/2019 | HY | Market Commentary: Rite Aid declines as sector peer disappoints; Altice gains after asset sale closes
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4/1/2019 | HY | Market Commentary: Hexion notes up after bankruptcy filing; PetSmart notes mixed as legal dispute continues
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4/1/2019 | HY | Market Commentary: JBS prices, Ensign Drilling on tap; Frontier active; Hexion jumps on bankruptcy agreement; energy gains
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4/1/2019 | DDHY | S&P downgrades Hexion
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4/1/2019 | BKDDHY | Hexion files bankruptcy, inks restructuring agreement with noteholders
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3/1/2019 | HY | Market Commentary: Neiman Marcus notes rise on news of creditor agreement; PG&E issues up
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2/20/2019 | HY | Market Commentary: Intelsat rises despite earnings miss; FirstEnergy gains as earnings beat estimates
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2/11/2019 | HY | Market Commentary: Hexion drops after board member resigns; Bristow crashes on earnings, nixed deal
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2/5/2019 | HY | Market Commentary: Altice lower as company considers asset sale; Hexion issues mixed amid creditor maneuvers
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2/4/2019 | HY | Market Commentary: Jacobs prices add-on; Clear Channel on deck; TransDigm weakens; Dun & Bradstreet mixed
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2/4/2019 | HY | Market Commentary: Hexion notes mixed as interest payment looms; Weatherford issues also mixed post-earnings
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2/1/2019 | HY | Market Commentary: Weatherford notes rise despite earnings miss; PG&E lower as financing-access granted
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1/28/2019 | HY | Market Commentary: PG&E declines as company mulls offer to avert bankruptcy; PDVSA gains despite sanctions
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1/18/2019 | BKDDHY | S&P lowers Hexion
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1/10/2019 | HY | Market Commentary: L Brands declines after lagging holiday sales; PG&E mixed on third day of high volume
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12/3/2018 | HY | Market Commentary: Neiman Marcus notes rise amid continuing creditor spat; Weatherford issues rise after rig sale
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11/29/2018 | HY | Market Commentary: Ferrellgas notes slide after executive departures; Intelsat issues decline amid selloff
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11/20/2018 | HY | Market Commentary: L Brands notes fall on cut dividend; Sable Permian issues dive on earnings report
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11/15/2018 | HY | Market Commentary: J.C. Penney notes slide after earnings release; Hexion issues decline on outlook downgrade
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11/15/2018 | DDHY | S&P revises Hexion view to negative
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11/13/2018 | HY | Market Commentary: PHI notes fall as market increases scrutiny; California Resources leads energy names lower
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11/8/2018 | HY | Market Commentary: Denbury, Windstream notes mixed post-earnings; Air Methods issues plummet
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11/6/2018 | HY | Market Commentary: Mallinckrodt gains after Q3 earnings release; Hexion mixed on earnings rumblings
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11/5/2018 | HY | Market Commentary: Sanchez Energy notes fall on ratings downgrade; Hexion issues continue tumble over debt
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11/2/2018 | HY | Market Commentary: RegionalCare to start roadshow; Gray notes gain; Dubai Aerospace dips; Newmark holds up
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11/2/2018 | HY | Market Commentary: California Resources notes mixed on Q3 earnings; American Axle plummets post-earnings
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10/30/2018 | HY | Market Commentary: Intelsat, Community Health notes fall after Q3 earnings releases; Denbury continues drop
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10/25/2018 | HY | Market Commentary: GFL pulls offering; three deals on tap; United Rentals improves; funds see outflows of $2.36 billion
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10/25/2018 | HY | Market Commentary: Hexion sell-off continues; Acosta dips; Simmons Food eyed; Tesla jumps
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10/24/2018 | HY | Market Commentary: Hi-Crush losses mount; Hexion first-lien notes see losses; Pacific Drilling active
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10/22/2018 | HY | Market Commentary: Distressed debt players eye Hi-Crush; Hexion’s 2020 notes mixed; Navios Maritime gains
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10/19/2018 | HY | Market Commentary: CBL notes gain on back of Sears bankruptcy; Intelsat in focus with Q3 results on horizon
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10/18/2018 | HY | Market Commentary: Hexion notes remain in focus; Nine West rises on amended bankruptcy plan
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10/17/2018 | HY | Market Commentary: JBS, Uber deals eyed; Hexion in focus; Netflix mixed; DaVita drops
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10/17/2018 | HY | Market Commentary: Ultra Petroleum notes mixed on exchange agreements; Hexion issues mixed
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10/16/2018 | HY | Market Commentary: Uber upsizes; Albertsons in focus; Intelsat gains; Hexion slump continues; L Brands active
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10/16/2018 | HY | Market Commentary: Intelsat notes improve on expansion news; retail names in focus; Diebold moves lower
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10/15/2018 | HY | Market Commentary: Uber oversubscribed; Nine Energy on tap; PHI in focus; Hexion ‘sloppy’; Albertson’s gains post-earnings
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6/28/2018 | HY | Market Commentary: Community Health notes fall as new offering priced; American Tire tumble continues
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6/27/2018 | HY | Market Commentary: Community Health slides as offering in works; PetSmart mixed on lawsuit against loan agent
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6/26/2018 | HY | Market Commentary: Community Health mixed after latest asset sale; Hexion mixed in upswing of activity
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5/16/2018 | HY | Market Commentary: Murray Energy notes better after dip from Q1 report; American Tire issues rise again
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5/14/2018 | HY | Market Commentary: Alcoa prices; MSCI, Calfrac on tap; BWX Technologies, JW Aluminum on the road; Sprint, Hexion up
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5/14/2018 | HY | Market Commentary: Hexion notes trade up after Q1 results; Sears issues decline as asset-sale plans outlined
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3/2/2018 | BKBWHY | Hexion to use funds from possible sales for debt reduction, liquidity
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2/16/2018 | HY | Market Commentary: Bon-Ton notes push up as store closing sales begin; Mallinckrodt issues finish week higher
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2/15/2018 | HY | Market Commentary: Noble notes mostly positive after share repurchase news; Mallinckrodt volume stays high
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2/14/2018 | HY | Market Commentary: Mallinckrodt continue high volume after acquisition news; Hexion rumors keep demand up
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2/13/2018 | HY | Market Commentary: Mallinckrodt notes in high demand on acquisition news; Hexion issues remain active
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2/12/2018 | HY | Market Commentary: Hexion notes remain active on rumors of split-up; CalRes issues trade on venture news
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2/9/2018 | HY | Market Commentary: Apex Tool, Flexi-Van cap $3.4 billion primary week; overall market off, energy slides
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2/9/2018 | HY | Market Commentary: Hexion notes spike on company split-up rumors; distressed energy names lead trading
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2/9/2018 | HY | Market Commentary: Morning Commentary: Hexion higher as Apollo said to mull splitting up company; three deals on deck
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1/29/2018 | HY | Market Commentary: A slow start to the week in distressed debt; Denbury active on rating news
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1/26/2018 | HY | Market Commentary: Distressed market finishes week active; energy and telecom stalwarts heavily traded
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11/14/2017 | HY | Market Commentary: Lennar megadeal, Valeant add-on pace $3.8 billion primary day; energy names off on crude oil plunge
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11/14/2017 | HY | Market Commentary: CalRes, other energy names off as crude oil gets crushed; Venezuela gyrates on downgrade
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11/14/2017 | BKBWHY | Hexion ends Q3 with $310 million of liquidity, expects to pay down ABL borrowings from cash generation
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8/11/2017 | HY | Market Commentary: Tesla megadeal caps $8 billion week, eases slightly; Thursday deals busy; Hexion gets hit
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8/11/2017 | HY | Market Commentary: Concordia firms post-earnings; Hexion results weigh on debt; Petsmart gets a bounce
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8/11/2017 | HY | Market Commentary: Morning Commentary: Tesla on deck with $1.5 billion notes, could upsize; Hexion trades down
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6/28/2017 | HY | Market Commentary: California Resources, EP Energy gain as oil goes higher; Valeant ticks up; Hertz quiets
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5/10/2017 | HY | Market Commentary: Fortescue prices $1.5 billion two-parter; Community Health, Chemours, Resolute, Hexion also price
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5/9/2017 | HY | New Issue: Hexion prices $75 million add-on to 2022 secured notes at 100.5
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5/9/2017 | DDHY | Moody’s: Hexion unaffected by tack-on notes
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5/9/2017 | HY | Hexion plans $75 million add-on to 10 3/8% secured notes due 2022
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4/11/2017 | HY | Market Commentary: Upsized Barminco prices; Petsmart ticks higher; recent Ultra Petroleum, Cedar Fair mixed
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3/8/2017 | HYLM | Hexion to redeem 8 7/8% senior secured notes due 2018 on Friday
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2/22/2017 | DDHY | S&P lifts Hexion to stable
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2/14/2017 | HY | Market Commentary: Murray Energy tops gainers on ‘heavy volume’; Rent-A-Center mixed; Hexion up
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2/6/2017 | DDHY | Moody’s revises Hexion to stable
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2/3/2017 | DDHY | Moody’s corrects Hexion
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1/26/2017 | HY | Market Commentary: HC2 add-on prices; Trinidad, Jacobs, WildHorse on tap; new Hexion surges; funds lose $532 million
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1/25/2017 | HY | Market Commentary: Upsized, restructured Hexion prices, also Nielsen and Atotech deals; new Hexion paper heads higher
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1/25/2017 | HY | New Issue: Hexion prices $710 million secured notes in two tranches
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1/25/2017 | DDHY | S&P rates Hexion notes CCC
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1/25/2017 | DDHY | Moody’s: Hexion notes Caa3
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1/25/2017 | HY | Hexion lifts secured notes offer to $710 million, adds $200 million junior tranche
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1/24/2017 | HY | Market Commentary: Airxcel, Ferrellgas add-on price, Atotech, Hexion deals on tap; Sabine Pass stays busy; Neiman Marcus rebounds
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1/24/2017 | HY | Market Commentary: Morning Commentary: Junk opens flat to lower; Airxcel sets price talk; funds see outflows
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1/23/2017 | HY | Market Commentary: United Continental, Baffinland and Century Communities price in quieter session; TransDigm, Rite Aid busy
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1/23/2017 | HY | Hexion talks $460 million five-year secured notes at 10½% area yield, moves back timing to Tuesday
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1/20/2017 | DDHY | Moody’s downgrades Hexion, notes
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1/19/2017 | HY | Market Commentary: Ardagh, Vector, Koppers price, seen firmer; Avaya gains on Chapter 11; funds lose $887 million
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1/19/2017 | BKHY | S&P rates Hexion notes CCC+
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1/19/2017 | HY | Hexion starts roadshow for $460 million five-year secured notes; whisper is high 10%-11% area
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1/19/2017 | HYLM | Hexion to repurchase, redeem some 8 7/8% notes due 2018 via new issue
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12/9/2016 | BKHYLM | Hexion lenders OK refinancing 8 7/8% notes, extend portion of revolver
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11/14/2016 | HY | Market Commentary: Hexion up after note buyback discussed; CHC mixed on reorganization; hospitals, pharma dip
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11/14/2016 | BWHYLM | Hexion cuts 8 7/8% notes to $761 million; working capital to decline
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6/29/2016 | HY | Market Commentary: Distressed chemical makers trade actively, better; rising oil gives energy space a boost
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3/14/2016 | BKBWHY | Hexion ends 2015 with $587 million liquidity, debt flat year over year
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3/9/2016 | BKCVDDEMHY | S&P global speculative-grade default rate falls to 2.66% in January
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2/16/2016 | BKDDHY | S&P lowers Hexion to negative
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11/13/2015 | HY | Market Commentary: Chesapeake, California Resources weaken; Momentive earnings drag down chemical names
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11/9/2015 | HY | Market Commentary: Men’s Wearhouse plagued; iHeart debt wanes; Hexion firms post-numbers; Mallinckrodt drops
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10/1/2015 | BKCVDDEMHY | S&P global speculative-grade default rate slides to 2.32% in August
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9/14/2015 | BKDDHY | S&P ups Hexion view to stable
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5/13/2015 | HY | Market Commentary: Hexion, Guitar Center firm on earnings; Nortel weakens on allocation plan; health care active
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4/7/2015 | HY | Market Commentary: Isle of Capri, Kosmos drive by; new Isles climbs; oil price surge again boosts energy names
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4/6/2015 | HY | Market Commentary: Endeavor, Century Communities drive by, new Endeavor firms; energy rises with oil prices
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4/2/2015 | HY | Market Commentary: Hexion, Radio One price; new issues in focus; Rite Aid gains on sales; funds gain $315 million
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4/2/2015 | HY | New Issue: Hexion sells $315 million five-year secured notes at par to yield 10%
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4/2/2015 | HY | Hexion talks $315 million five-year secured notes to yield 9¾%-10%; pricing Thursday
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4/2/2015 | HY | Market Commentary: Taylor Morrison, Norbord, McGraw-Hill, Sabre price to open April; Samson, Fortescue slide
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3/31/2015 | HY | Market Commentary: AES, UPC dollar deal price to close out March; Charter up on Bright House acquisition news
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3/31/2015 | BKHY | Moody’s rates Hexion notes B3
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3/31/2015 | BKDDHY | S&P assigns Hexion notes CCC+
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3/31/2015 | HY | Hexion’s $315 million five-year secured notes guided in 9¼% area; pricing Wednesday
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3/31/2015 | HYLM | Hexion to redeem 8 3/8% sinking fund debentures with note proceeds
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3/10/2015 | BKBWHY | Hexion ends 2014 with $487 million of liquidity, debt of $3.8 billion
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3/10/2015 | HY | Market Commentary: Midstates weakens as company discloses asset sale; weak oil prices pressure energy names
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