3/10/2025 | DD | Market Commentary: Walgreens’ upward momentum continues; iHeart bonds under pressure
|
2/28/2025 | DD | Market Commentary: iHeartCommunications declines; Bausch CCC-rated notes mixed; distressed market active
|
2/27/2025 | DD | Market Commentary: Altice notes shed some gains; DISH off after earnings results; Bausch mostly stronger
|
2/6/2025 | DD | Market Commentary: Bausch Health paper drops after sale talks end; iHeartCommunications notes rebound
|
2/5/2025 | DD | Market Commentary: WW International notes turn positive; Gray Media climbs; iHeartCommunications weakens
|
1/9/2025 | DD | Market Commentary: Hertz uptrend continues in distressed debt market; iHeart notes under pressure
|
1/8/2025 | DD | Market Commentary: Retail sector weakens in distressed debt market; Michaels takes a hit; iHeart lower
|
1/7/2025 | DD | Market Commentary: iHeart notes add to gains; Hughes Satellite paper weakens; Hertz improves
|
1/6/2025 | DD | Market Commentary: Distressed debt quiet to start week; iHeart strengthens; Carvana notes bounce back
|
1/3/2025 | DD | Market Commentary: Michaels secured notes improve; iHeartCommunications mostly higher; distressed space up
|
1/2/2025 | DD | Market Commentary: Distressed off to slow start post-holiday; iHeart gets boost; Carvana mostly unfazed
|
12/31/2024 | DD | Market Commentary: Outlook 2025: Distressed bond supply shrinks; pressure continues in cable/satellite, health care
|
12/24/2024 | BKDDHY | Moody’s rates iHeartCommunications loan, notes
|
12/24/2024 | BKDDHY | S&P ups iHeartCommunications, rates debt
|
12/23/2024 | BKDDHYLM | iHeartMedia announces results of exchange offers, consent bids for notes, loans
|
12/23/2024 | BKDDHY | S&P cuts iHeartCommunications
|
12/16/2024 | DD | Market Commentary: Michaels paper steadies in trading; iHeart notes decline ahead of exchange deadline
|
12/5/2024 | DD | Market Commentary: Michaels’ bonds hold onto gains; iHeartCommunications’ exchange holdout soars
|
12/4/2024 | BKDDHYLM | iHeartMedia announces early results, changes to exchange offers, consent bids for notes, loans
|
11/19/2024 | BKDDHY | Moody’s puts iHeartCommunications on review
|
11/18/2024 | DD | Market Commentary: Spirit Airlines bonds climb on bankruptcy; iHeartMedia mostly up after exchange launch
|
11/18/2024 | BKDDHYLM | iHeartMedia formally begins exchange offers, consent bids for notes, loans
|
11/18/2024 | BKDDHY | S&P cuts iHeartCommunications
|
11/7/2024 | DD | Market Commentary: CommScope drops after debt talks collapse; iHeart mostly gains on bond maturity plans
|
11/7/2024 | BKDDHYLM | iHeartMedia, subsidiaries reach comprehensive TSA for note, loan debt
|
9/3/2024 | DD | Market Commentary: Lumen, Level 3 down ahead of exchange offers; Qwest better; iHeart mostly slips
|
8/14/2024 | DD | Market Commentary: iHeart notes mixed, secured paper mostly down; AMC drifts lower; Victoria’s Secret up
|
8/8/2024 | DD | Market Commentary: Quarterly results direct trading; iHeart pressured; CommScope rallies; Sinclair declines
|
8/5/2024 | DD | Market Commentary: Cumulus Media cracks appear; distressed bonds decline; iHeart lower ahead of results
|
7/23/2024 | DD | Market Commentary: AMC notes climb; iHeartCommunications securities show improvement; distressed index up
|
7/15/2024 | DD | Market Commentary: Michaels’ senior notes move up; Hertz continues rally; iHeartCommunications stronger
|
6/27/2024 | DD | Market Commentary: Staples notes under pressure in secondary market; iHeart paper extends downtrend
|
6/24/2024 | DD | Market Commentary: Hertz bonds active; loanDepot gains on completion of exchange; iHeart paper falls
|
6/17/2024 | DD | Market Commentary: iHeart notes lower; AMC mostly softens; Hertz paper quiets; Hudson Pacific notes weaken
|
6/10/2024 | DD | Market Commentary: iHeartCommunications notes move higher; Hertz senior paper pressured; AMC up on week
|
6/7/2024 | DD | Market Commentary: iHeartCommunications paper extends gains, CDS spreads come in; E.W. Scripps active
|
6/6/2024 | DD | Market Commentary: AMC Entertainment notes climb; iHeartCommunications bonds improve; Bausch Health mixed
|
6/4/2024 | DD | Market Commentary: Distressed trading lighter on new issue focus, drop in default rate; DISH paper slips
|
5/30/2024 | DD | Market Commentary: Gray Television paper climbs; iHeartCommunications turns positive; Kohl’s bonds decline
|
5/29/2024 | DD | Market Commentary: Distressed names pressured; AMC notes soften; Altice drops; iHeartCommunications lower
|
5/28/2024 | DD | Market Commentary: AMC paper gains; iHeartCommunications mostly lower as May losses mount; Rite Aid drops
|
5/21/2024 | DD | Market Commentary: Altice paper lower; iHeartCommunications remains pressured in secondary; AMC quiets
|
5/17/2024 | DD | Market Commentary: AMC trading slows to crawl, remains stronger on week; iHeart notes mixed; CommScope up
|
5/16/2024 | DD | Market Commentary: AMC ‘party’ over; Hertz comes under pressure; iHeartCommunications softens; CSC drops
|
5/15/2024 | DD | Market Commentary: AMC paper moves higher; iHeartCommunications turns positive; DISH bonds little changed
|
5/14/2024 | DD | Market Commentary: AMC Entertainment securities soar in heavy trading; iHeartCommunications declines
|
5/13/2024 | DD | Market Commentary: Canacol Energy paper improves as market weighs cash, debt; iHeartCommunications lower
|
5/10/2024 | DD | Market Commentary: Staples notes climb; bond market feels a ‘little wobbly’; iHeart extends losses
|
5/9/2024 | DD | Market Commentary: iHeartCommunications paper dives; CommScope notes gain after heavy earnings losses
|
5/6/2024 | DD | Market Commentary: WW distressed paper up after weak quarter; iHeart gains ahead of financial report
|
5/2/2024 | DD | Market Commentary: Sunnova Energy bonds jump; Altice paper slides; Lumen, iHeart, Ardagh soft; DISH declines
|
5/1/2024 | DD | Market Commentary: iHeart improves; DISH stronger; Lumen, Level 3 drop; corporates likely to ‘chug along’
|
4/25/2024 | DD | Market Commentary: Ardagh paper mixed as earnings report digested; E.W. Scripps notes bounce around
|
4/10/2024 | DD | Market Commentary: Bausch bonds lead distressed gains; iHeart paper steady to weaker; Cumulus Media quiet
|
3/15/2024 | DD | Market Commentary: DISH paper, CDS spreads weaken; iHeartCommunications softens; Lumen, Level 3 mixed
|
3/5/2024 | DD | Market Commentary: iHeartCommunications bonds give back gains from post-earnings rally; CSC Holdings mixed
|
3/1/2024 | DD | Market Commentary: DISH mixed as EchoStar cash runs short ahead of November debt payment; iHeartMedia up
|
2/29/2024 | DD | Market Commentary: Level 3 bonds erratic; AMC paper shakes off midweek pressure; iHeartCommunications up
|
2/26/2024 | DD | Market Commentary: Radio broadcasters take focus on earnings watch; Cumulus notes soften; iHeart steady
|
2/15/2024 | DD | Market Commentary: DISH soft on week as 5G deadlines loom; Hughes notes higher; iHeartCommunications mixed
|
2/14/2024 | DD | Market Commentary: CSC Holdings notes mostly higher; DISH, Hughes improve; iHeart notes end lower
|
1/3/2024 | DD | Market Commentary: iHeartCommunications, CSC Holdings under pressure; CommScope notes trades down
|
12/29/2023 | BKCVDDEMHY | Outlook 2024: Higher corporate defaults likely as volatility mounts, default candidates grow
|
12/14/2023 | DD | Market Commentary: DISH leads secondary supply; iHeartCommunications moves up; Lumen bonds, CDS spreads improve
|
12/13/2023 | DD | Market Commentary: DISH bonds stronger; iHeartCommunications’ secured notes rally; Enviva paper unchanged
|
12/12/2023 | DD | Market Commentary: AMC notes improve; Michaels attracts secondary support; iHeartCommunications paper rises
|
12/11/2023 | DD | Market Commentary: First Republic Bank notes pull back following Friday’s gain; iHeartCommunications lower
|
12/8/2023 | BKCVDDEMIGPV | Market Commentary: CVR, CQP cap active week of junk issuance; J.B. Poindexter extends gains; iHeart falls
|
12/8/2023 | DD | Market Commentary: iHeartCommunciations slides after downgrade; CommScope mixed; Community Health quiet
|
12/8/2023 | BKDDHY | Moody’s slices iHeartCommunications
|
11/15/2023 | DD | Market Commentary: iHeart, Radiology Partners notes rocket higher; Rite Aid paper adds to recent gains
|
11/14/2023 | DD | Market Commentary: Enviva bonds continue revival; DISH notes rack up gains; iHeartCommunications improves
|
10/27/2023 | DD | Market Commentary: Lumen, Level 3 mostly higher; Hawaiian Airlines, Ardagh notes slide; iHeart drops
|
10/26/2023 | DD | Market Commentary: Rite Aid steadies; iHeartMedia notes extend losses; Level 3, Lumen paper trades mixed
|
10/25/2023 | DD | Market Commentary: Rite Aid bonds pick up steam in heavy trading; iHeartMedia softens; Level 3, Lumen rise
|
10/3/2023 | DD | Market Commentary: DISH notes slide in wide sell-off; Bausch Health declines; iHeartCommmunications drops
|
9/18/2023 | DD | Market Commentary: AMC Entertainment notes decline; iHeart slips in quieter supply; Lumen, Level 3 improve
|
9/15/2023 | DD | Market Commentary: Staples active, mixed post-earnings call; iHeart jumps; Altice France secureds gain
|
9/8/2023 | DD | Market Commentary: Lumen, Level 3 gain; AMC Entertainment flat to better; iHeart paper, CDS spreads improve
|
8/31/2023 | DD | Market Commentary: Rite Aid notes mixed, CDS spreads gap out; AMC improves; iHeart sees secondary interest
|
8/22/2023 | DD | Market Commentary: AMC notes decline; DISH dips; iHeart higher; Lumen, Level 3 down; Wolverine flat
|
7/6/2023 | DD | Market Commentary: DISH bonds, CDS better; AMC declines; Coinbase drops; Rite Aid improves; iHeartMedia lower
|
6/26/2023 | DD | Market Commentary: Lumen, Level 3 little changed; iHeartMedia improves; AMC flat; distressed returns down
|
6/23/2023 | DD | Market Commentary: DISH bonds lower; AMC gives back some gains; iHeartMedia paper, CDS soften; Mallinckrodt up
|
6/21/2023 | DD | Market Commentary: AMC paper declines; Staples’ senior and secured bonds pressured; iHeartMedia notes down
|
6/15/2023 | DD | Market Commentary: Rite Aid paper down, CDS spreads gap out; Mallinckrodt drops; iHeartMedia, DISH mixed
|
6/14/2023 | DD | Market Commentary: Community Health bonds rally; iHeartMedia lower; WeWork drops; default forecast eyed
|
6/12/2023 | DD | Market Commentary: iHeartMedia improves; distressed paper from Michaels, QVC, Rite Aid higher; Level 3 up
|
6/9/2023 | DD | Market Commentary: DISH bonds down following funding reports; Carvana paper extends rally; iHeartMedia up
|
6/8/2023 | DD | Market Commentary: Carvana bonds jump; Rite Aid higher, CDS spreads widen; iHeartMedia notes, CDS better
|
6/1/2023 | DD | Market Commentary: DISH shows gains; Virgin Media paper stronger; iHeartMedia, QVC mixed; Diebold declines
|
3/28/2023 | BKDDHY | Moody’s moves iHeart outlook to negative
|
11/29/2022 | BKCVDDEMIGPV | Market Commentary: Junk secondary softer; iHeart weaker; Glatfelter under pressure; TransDigm active
|
8/19/2022 | DD | Market Commentary: Bed Bath & Beyond paper slides over 10 points, stock plunges; Rite Aid softens; Endo up
|
2/28/2022 | BKDDHY | Moody's alters iHeart outlook to stable
|
7/8/2020 | BKDDHY | Moody’s assigns iHeart loan B1
|
7/8/2020 | BKDDHY | S&P rates iHeartCommunications loan B+
|
4/27/2020 | BKDDHY | Moody’s changes iHeart view to negative
|
11/19/2019 | BKCVDDEMIGPV | Market Commentary: Teva, Houghton Mifflin, Sinclair, Kaiser Aluminum, Allegheny price; iHeart weakens
|
11/18/2019 | BKCVDDEMIGPV | Market Commentary: iHeart, Boyd, Mattel, MSCI add-on price; Prestige Brands trades up
|
11/18/2019 | BKDDHY | Moody’s assigns B1 rating to iHeartCommunications’ notes
|
11/18/2019 | BKDDHY | S&P rates iHeartCommunications notes BB-
|
8/2/2019 | BKCVDDEMIGPV | Market Commentary: Forgital prices; iHeart, Albertsons, Mattel at a premium; Freeport-McMoRan lags
|
8/1/2019 | BKCVDDEMIGPV | Market Commentary: Freeport-McMoRan, Albertsons, Mattel, iHeart price; Advisor Group skyrockets
|
8/1/2019 | BKDDHY | S&P rates iHeart notes BB-
|
4/26/2019 | BKDDHY | Moody’s rates iHeart debt B1, Caa1
|
1/18/2019 | BKCVDDHY | Fitch Ratings reports U.S. high-yield default rate ended 2018 at 2.4%
|
3/21/2018 | DD | iHeart legacy notes trustee lawsuit calls for equal treatment of debt
|
3/16/2018 | BKDDHY | Fitch downgrades iHeartCommunications to D
|
3/16/2018 | BKDDHY | S&P downgrades iHeart
|
3/15/2018 | BKDDHY | Moody’s downgrades iHeart
|
3/15/2018 | BKDDHY | iHeartMedia reaches agreement on restructuring, files for Chapter 11
|
3/15/2018 | BKDDHY | iHeartMedia reaches agreement on restructuring, files for Chapter 11
|
3/14/2018 | BKDDHY | iHeart extends loan forbearance for default on 14% notes by one day
|
3/13/2018 | BKDDHY | iHeart extends loan forbearance by a day for default on 14% notes
|
3/12/2018 | BKDDHY | iHeart trims restructuring terms to shareholders, senior creditors in revised plan
|
3/9/2018 | BKDDHY | Fitch downgrades iHeart to RD
|
3/9/2018 | BKCVDDEMHY | Prospect News reports four new defaults for March 1-March 7, S&P one
|
3/8/2018 | BKDDHY | iHeart extends loan forbearance to March 12 for default on 14% notes
|
3/5/2018 | BKDDHY | Moody’s downgrades iHeart
|
3/5/2018 | BKDDHY | iHeart gets loan forbearance until Wednesday for default on 14% notes
|
3/2/2018 | BKDDHY | iHeart trims restructuring terms to shareholders, junior creditors in revised plan
|
3/1/2018 | DD | Market Commentary: Community Health notes stay active after hospital closure talk; iHeart mixed after forgoing interest
|
3/1/2018 | DDHY | iHeartCommunications to forgo interest due on 11¼% notes, 9% notes
|
2/22/2018 | BKDD | Fitch: Institutional leveraged loan default rate unchanged at 2.4%
|
2/15/2018 | BKDDHY | iHeartCommunications extends restructuring exchange by another month
|
2/9/2018 | BKDDHY | iHeartCommunications and lenders exchange recapitalization proposals
|
2/9/2018 | BKCVDDEMHY | Prospect News reports five new defaults for week of Feb. 1 to Feb. 7
|
2/9/2018 | DDHY | iHeartCommunications ups guarantor release for 14% notes to $1 billion
|
2/7/2018 | BKDDHY | Fitch cuts Clear Channel to B-
|
2/1/2018 | DD | Market Commentary: iHeartMedia issues fall as company misses coupon; Northern Oil notes jump on exchange news
|
2/1/2018 | BKDDHY | S&P lowers iHeart, notes
|
2/1/2018 | DDHY | iHeartCommunications forgoes $106 million interest due on 14% notes
|
1/18/2018 | BKDDHYLM | iHeartCommunications extends restructuring exchange by one month
|
1/12/2018 | DD | Market Commentary: Community Health gains continue; energy issues easier despite crude rise; iHeart paper lower
|
1/12/2018 | DDHY | iHeartCommunications14% noteholders release guarantors from guarantees
|
1/4/2018 | BKDDHYLM | iHeartCommunications extends restructuring exchange by two weeks
|
12/29/2017 | BKDDEMHY | Outlook 2018: Fitch, Moody’s and S&P expect default rates to decrease
|
12/21/2017 | BKDDHYLM | iHeartCommunications’ restructuring exchange extended to January
|
12/7/2017 | DDHYLM | iHeartCommunications again extends exchange related to restructuring
|
11/30/2017 | DDHYLM | iHeartCommunications still lacks consensus on restructuring terms
|
11/22/2017 | BKDDHYLM | iHeartCommunications extends exchange related to restructuring again
|
11/9/2017 | BKDDHYLM | iHeartCommunications again extends exchange related to restructuring
|
10/26/2017 | DDHYLM | iHeartCommunications gives new terms to restructure debt out of court
|
10/19/2017 | BKDDHYLM | iHeartCommunications again extends exchange related to restructuring
|
10/2/2017 | DD | Market Commentary: Murray Energy bonds remain firm, active; Windstream debt continues to improve; iHeart edges up
|
9/28/2017 | BKDDHYLM | iHeartCommunications again extends exchange related to restructuring
|
9/26/2017 | DD | Market Commentary: Windstream trades up in wake of default notice; California Resources comes in; iHeart mixed
|
9/22/2017 | DD | Market Commentary: Distressed debt muted by new issues, Sprint; Windstream, Frontier remain weak; CRC ends firm
|
9/18/2017 | DD | Market Commentary: Toy’s ‘R’ Us tumbles on renewed bankruptcy talk; Rite Aid gains as Walgreens tweaks deal; iHeart improves
|
9/15/2017 | DD | Market Commentary: Toys ‘R’ Us debt continues to sink as vendors cut shipments; iHeart ‘languishing’; oil names mixed
|
9/13/2017 | DD | Market Commentary: Distressed oil and gas bonds rise with crude prices; iHeart remains under pressure; Guitar Center firms
|
9/7/2017 | BKDDHYLM | iHeartCommunications again extends exchange related to restructuring
|
8/17/2017 | BKDDHYLM | iHeartCommunications again extends exchange related to restructuring
|
8/11/2017 | BKCVDDHY | Fitch U.S. high-yield default rate marks drop below 2% to 1.9% in July
|
8/3/2017 | DD | Market Commentary: Earnings, recent high yield issues in focus; Frontier, Community Health remain in play; iHeart softens
|
8/3/2017 | BKDDHYLM | iHeartCommunications extends exchange offer related to restructuring
|
7/26/2017 | DD | Market Commentary: Energy bonds continue rise as crude prices firm again; healthcare hurting; Toys trades up
|
7/24/2017 | DD | Market Commentary: iHeart bonds trade mixed; distressed oil and gas space also mixed; Fannie, Freddie busy, better
|
7/21/2017 | DD | Market Commentary: Crude oil prices falter, taking distressed oil and gas names along; iHeart trades up; Fannie, Freddie mixed
|
7/20/2017 | DD | Market Commentary: Brent crude’s ‘head fake’ puts oil and gas arena in the spotlight; iHeart mixed as exchange extended again
|
7/20/2017 | BKDDHYLM | iHeartCommunications again prolongs exchange related to restructuring
|
7/17/2017 | DD | Market Commentary: iHeart bonds trade up on restructuring news; Valeant perks up on asset sale; Endo, Frontier busy, better
|
7/17/2017 | BKDDHYLM | iHeartCommunications discloses restructuring proposals, talks go on
|
7/6/2017 | BKDDHYLM | iHeartCommunications extends exchange offers for notes until July 21
|
6/22/2017 | BKDDHYLM | iHeartCommunications now extends exchange for notes until July 7
|
6/20/2017 | DD | Market Commentary: Existing Intelsat issues lower after new deal sets in; E&P falls as oil enters bear market; Valeant reverses course
|
6/15/2017 | DD | Market Commentary: For second session, California Resources leads activity for faltering E&P space; Valeant down across board
|
6/15/2017 | BKCVDDHY | Fitch U.S. junk bond default rate ends May at 2.3%; June drop expected
|
6/8/2017 | BKDDHYLM | iHeartCommunications extends exchange offers for notes until June 23
|
6/7/2017 | DD | Market Commentary: E&P sector down with crashing oil prices; Claire’s Stores up after Q1 numbers; little movement for iHeart
|
5/30/2017 | DD | Market Commentary: Atwood climbs to par after Ensco takeover; GenOn, Bristow lower; Intelsat down ahead of exchange deadline
|
5/25/2017 | DD | Market Commentary: iHeart trades higher after exchange deadline pushed back again; E&P lower after OPEC deal; Dynegy sideways
|
5/25/2017 | BKDDHYLM | iHeartCommunications extends exchange until June 9 as talks continue
|
5/23/2017 | DD | Market Commentary: GenOn gets a bump after restructuring agreement gets majority approval; Dynegy steady; E&P mixed; iHeart higher
|
5/18/2017 | DD | Market Commentary: Intelsat amends, extends exchange offer, bonds tick higher; Valeant up; E&P mixed on low-volume session
|
5/17/2017 | BKCVDDHY | Fitch: U.S. high-yield default rate heads below 2.5%; ‘temporary dip’
|
5/11/2017 | BKDDHYLM | iHeartCommunications extends exchange to May 26; response still low
|
5/11/2017 | DD | Market Commentary: Valeant mixed, less active; Cengage down on earnings, Talen up; Intelsat mixed on extension
|
5/8/2017 | DD | Market Commentary: California Resources leads most-active for second-straight session; GenOn, Talen higher; Neiman unchanged
|
5/4/2017 | DD | Market Commentary: GenOn mixed after offering announcement; E&P drops with oil; Community Health reacts to health care bill
|
5/2/2017 | DD | Market Commentary: Community Health jumps on results; Valeant follows after annual meeting; California Resources drops
|
4/27/2017 | DD | Market Commentary: Intelsat, Ensco generally undisturbed by earnings releases; iHeart down as exchange offer pushed back
|
4/27/2017 | BKDDHYLM | iHeartCommunications extends exchange till May 12; turnout remains low
|
4/26/2017 | DD | Market Commentary: California Resources higher with oil; Intelsat up ahead of earnings; iHeart ticks lower with looming exchange tender
|
4/25/2017 | DD | Market Commentary: Freeport McMoRan, Avaya tick higher on company-related news; Ocwen ‘volatile’; Community Health gains
|
4/25/2017 | BKDD | Fitch U.S. leveraged loan default rate 2% in March; outlook provided
|
4/21/2017 | DD | Market Commentary: Ocwen rebounds after Thursday plunge; California Resources continues to tick down; Valeant falls
|
4/20/2017 | DD | Market Commentary: Ocwen Financial down big after Consumer Financial lawsuit comes forward; Petsmart down; pharma mixed
|
4/19/2017 | DD | Market Commentary: Oil drops sharply, as do California Resources, Pacific Drilling; Petsmart down as acquisition details murky
|
4/17/2017 | DD | Market Commentary: Avaya higher on reorganization plan filing; health care largely unchanged following HCA’s forecast; Hertz up
|
4/13/2017 | DD | Market Commentary: Claire’s, Quorum Health trade higher after fourth-quarter earnings; iHeart ‘better,’ but not much volume
|
4/13/2017 | BKDDHYLM | iHeartCommunications amends, extends exchange offers after low turnout
|
4/10/2017 | DD | Market Commentary: E&P’s trade tight after oil gains for fifth day; Endo higher after offering announcement; Petsmart volume heavy
|
4/7/2017 | DD | Market Commentary: Cobalt International bounces around before 10-point upswing; FirstEnergy higher; pharma mixed; retailers tight
|
4/6/2017 | DD | Market Commentary: Oil companies rule market as crude advances; Accudyne higher; iHeart eyed on tender news
|
4/6/2017 | BKDDHYLM | iHeartCommunications extends exchange for six note series, term loans
|
4/6/2017 | DD | Market Commentary: Energy names firm as oil prices continue gains; Hertz brakes slide seen on Tuesday
|
4/4/2017 | DD | Market Commentary: Intelsat trades higher as day’s volume-heavy issue; Hertz down on auto industry woes; oil, E&P on the up
|
4/3/2017 | DD | Market Commentary: Energy Future pares losses from Friday’s session; Community Health sees small loss; Hertz down with auto industry
|
3/31/2017 | DD | Market Commentary: Energy Future ‘volatile’ after NextEra acquisition falls through; California Resources nearly flat; Quorum down
|
3/30/2017 | DD | Market Commentary: Talen trades higher as tender, term loan announced; E&P’s up on oil’s resurgence; Valeant, Concordia gain
|
3/28/2017 | DD | Market Commentary: Murray Energy ticks higher on earnings, executive order; California Resources rises; Concordia slumps
|
3/24/2017 | DD | Market Commentary: Community Health ‘wildly active’ on similar day in Congress; Valeant up across board; retailers drop
|
3/23/2017 | DD | Market Commentary: Community Health up marginally as health bill stalls; Concordia, Avaya dip several points; iHeart quiet
|
3/22/2017 | DD | Market Commentary: Retail, including Bon-Ton, J.C. Penney, mixed after J. Crew results; Valeant turns corner; oil down
|
3/20/2017 | DD | Market Commentary: iHeart up after several downtrodden sessions; Valeant, Concordia slip again; Neiman flat
|
3/18/2017 | DD | Market Commentary: iHeart continues slide, Valeant, Concordia continue struggles; Walter rebounds, Exco up
|
3/16/2017 | DD | Market Commentary: Guitar Center, Walter down following results; Concordia, iHeart fall; Neiman stagnant
|
3/16/2017 | DDHY | Fitch lowers iHeartCommunications
|
3/15/2017 | DD | Market Commentary: After results, Concordia sees big losses; Valeant rebounds after ‘whipsaw’ week; Neiman up again
|
3/15/2017 | DDHY | S&P lowers iHeartCommunications
|
3/15/2017 | BKDDHYLM | iHeartCommunications holds exchange for six note series, term loans
|
3/9/2017 | DD | Market Commentary: Oil slips again, but distressed doesn’t ‘capitulate’ as much as day prior; existing Valeant up; Intelsat slides
|
3/8/2017 | DD | Market Commentary: Plummeting oil brings California Resources, others down; Community Health, Valeant down; Intelsat up
|
3/7/2017 | DD | Market Commentary: Intelsat big moves from Friday pick back up; Community Health, Valeant down on health care bill
|
3/3/2017 | DD | Market Commentary: Intelsat closes out merger-filled week on decline; Neiman down after Lazard hire; Valeant mixed post-sale
|
3/2/2017 | DD | Market Commentary: Intelsat mixed, most active in distressed space; Valeant continues rebound; iHeart up across board
|
3/1/2017 | DD | Market Commentary: Intelsat posts third-straight session of gains; Valeant ‘marginally’ better; Neiman continues rally
|
2/27/2017 | DD | Market Commentary: Intelsat up big ahead of earnings on reported merger talks with OneWeb; Valeant up marginally before results
|
2/24/2017 | DD | Market Commentary: Community Health ‘lackluster’ to cap gaining week; retailers mixed after J.C. Penney announces closings
|
2/23/2017 | BKCVDDEMIGPV | Market Commentary: Viacom sub notes, CDW price; iHeart up on results, debt plan; funds gain $726 million
|
2/23/2017 | DD | Market Commentary: iHeartCommunications firm in two issues after Q4 results; Community Health trek continues; Denbury down
|
2/23/2017 | BKDDHY | iHeartCommunications considering restructuring of all its debt
|
2/22/2017 | DD | Market Commentary: Community Health trades higher for third straight session; Intelsat up; Ultra Petroleum down on results
|
2/21/2017 | DD | Market Commentary: Community Health explodes post-earnings; Quorum Health follows; pharma mixed, Valeant, Intelsat up
|
2/17/2017 | DD | Market Commentary: Community Health up on asset sale; California Resources drops; Neiman Marcus lower
|
2/16/2017 | DD | Market Commentary: Hornbeck Offshore down big after Q4 results; Murray continues upsurge; Valeant, Avaya, Hertz down
|
2/15/2017 | DD | Market Commentary: Murray Energy gains for second session; Intelsat, iHeart up; MDC Partners rises on Goldman investment
|
2/14/2017 | DD | Market Commentary: Murray Energy tops gainers on ‘heavy volume’; Rent-A-Center mixed after disappointing quarter; Hexion up
|
2/13/2017 | DD | Market Commentary: Intelsat Jackson rallies ‘across the board’; iHeartCommunications rises on upgrade; Freeport up, Murray down
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2/13/2017 | DDHY | S&P lifts iHeartMedia to CCC
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2/10/2017 | DD | Market Commentary: Cliffs surges higher for a second session; E&P uplifted by oil prices; Neiman stops dramatic losses
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2/9/2017 | DD | Market Commentary: After downgrade, Neiman continues to trade lower; California Resources, Murray Energy rise; Cengage pares
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2/8/2017 | DDHY | Moody’s: iHeart debt exchange is distressed
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2/8/2017 | DDHY | S&P cuts iHeartMedia, iHeartCommunications
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2/8/2017 | DDHY | Fitch lowers, raises iHeart IDR
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2/7/2017 | DD | Market Commentary: Murray Energy up modestly on otherwise inactive day; Neiman Marcus, Avaya down; Intelsat, iHeart mixed
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2/6/2017 | DD | Market Commentary: Community Health active; Vanguard Natural continues losses after Chapter 11; Neiman down
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2/3/2017 | DD | Market Commentary: Bankruptcy news sets in for Vanguard Natural; Algeco Scotsman up on exchange news; Neiman trades tightly
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2/2/2017 | DD | Market Commentary: Avaya very active, though unchanged on session; retailers see mixed movement; Weatherford up on debt outlook
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2/2/2017 | BKDDHY | iHeartCommunications auction brings CDS price at 35.5, LCDS at 83.25
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2/1/2017 | DD | Market Commentary: Under Armour drops into distressed territory; Community Health gains; pharma goes up; Intelsat quiets
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1/30/2017 | DD | Market Commentary: Intelsat sees gains for third straight session; Neiman down a ‘smidge’; Peabody pares loss; E&P mixed
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1/27/2017 | DD | Market Commentary: Intelsat ticks up on another quiet day; Peabody drops wildly, but on low volume; Valeant, Neiman down
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1/26/2017 | DD | Market Commentary: Quiet day capped by more Avaya activity; Intelsat rises; Bonanza down slightly post-settlement; E&P up
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1/25/2017 | DD | Market Commentary: Avaya sees one big spike, some mixture; Neiman Marcus continues gains; Valeant rumors drive upticks
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1/24/2017 | DD | Market Commentary: Avaya up on DIP financing; Neiman Marcus recoups loss from Monday; E&P holds steady; pharma mixed
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1/23/2017 | DD | Market Commentary: Bleeding goes on for Neiman Marcus as it sees steep declines; Avaya up; healthcare, pharma mixed
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1/20/2017 | DD | Market Commentary: Inauguration mutes activity in distressed market; Avaya pares earlier gains after Chapter 11 filing
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1/19/2017 | DD | Market Commentary: Avaya files for Chapter 11, surges; Paragon falters on reorganization agreement; Mallinckrodt rebounds
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1/17/2017 | DD | Market Commentary: iHeart stays active ahead of CDS auction; Peabody up on Chapter 11 exit; GenOn sees mixed movement
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1/17/2017 | DDHY | iHeartCommunications CDS settlement auction to be held Feb. 2
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1/13/2017 | DD | Market Commentary: Peabody to exit Chapter 11, sees several-point gain; GenOn ‘mover of the day’; Avaya down; Caesars ticks up
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1/12/2017 | DD | Market Commentary: Valeant ‘top dog’ on most active list; Community Health swings down; Murray active; Avaya dips
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1/11/2017 | DD | Market Commentary: Valeant down on post-asset sale, Trump; Murray Energy up; iHeart continues to be active ahead of auction
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1/10/2017 | DD | Market Commentary: Valeant Pharmaceuticals up big on two separate asset sales; Avaya continues fall; Neiman Marcus up
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1/9/2017 | DD | Market Commentary: Intelsat, Avaya down on otherwise quiet day; Valeant, Community Health quieter; E&P mixed as oil drops
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1/6/2017 | DD | Market Commentary: Community Health closes out week on high note; Neiman Marcus unchanged despite IPO fizzle; E&P nearly flat
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1/5/2017 | DD | Market Commentary: Hospitals continue gains from Obamacare dismantling talk; retailers see bad holiday sales; E&P up
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1/4/2017 | DD | Market Commentary: Community Health, Quorum Health among gainers on Obamacare shedding; Bonanza surges on Chapter 11 filing
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1/3/2017 | DD | Market Commentary: E&P names rally off early morning trend in oil prices; Community Health wraps asset sale
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12/23/2016 | DD | Market Commentary: Shortened day caps quiet pre-holiday week; Peabody moves on restructuring plan; iHeart sees slight moves
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12/23/2016 | BKCVDDEMHY | Prospect News, S&P each report seven new defaults for Dec. 14-Dec. 21
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12/22/2016 | DD | Market Commentary: Navios up as contract in ‘full force and effect’; iHeart, Peabody keep moving; retailers trade pre-holiday
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12/21/2016 | BKCVDDEMIGPV | Market Commentary: Primary quiet; Baffinland deal sees adjustments; Noble retreat continues; iHeart gains
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12/21/2016 | DDHY | ISDA: iHeart failure to pay credit event occurred; CDS auction ahead
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12/21/2016 | DD | Market Commentary: iHeart steals action with ruling, moving notes both ways; Peabody down on operating loss; Valeant mixed
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12/21/2016 | BKDDHY | S&P upgrades iHeartMedia
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12/21/2016 | BKDDHY | Fitch downgrades iHeart
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12/15/2016 | BKDDHY | S&P downgrades iHeartMedia
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12/12/2016 | DD | Market Commentary: Energy up on weekend’s supply cut deal; Peabody rallies on benchmark coal contract; J. Crew down
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12/12/2016 | DD | Moody’s: iHeartCommunications view to negative
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12/12/2016 | DDHYLM | iHeartCommunications gets consents to amend notes due 2021, none for priority guarantee issues
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12/9/2016 | DD | Market Commentary: J. Crew notes spike on restructuring buzz; Peabody ticks higher after equity holder filing; Syniverse up
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12/9/2016 | DD | Fitch cuts iHeartCommunications to CC
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12/6/2016 | DD | Market Commentary: Distressed energy retreats on lower oil prices; Ensco, Intelsat up; Community Health continues climb
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12/5/2016 | DD | Market Commentary: Intelsat solidifies exchange talks; Peabody up after paying DIP in full; energy firm after oil pares
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12/2/2016 | DD | Market Commentary: Intelsat bonds bounce around on filing disclosures; energy issues keep firming; Valeant rebounds
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12/2/2016 | DDHYLM | iHeartCommunications changes language, extends consent solicitation
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11/28/2016 | DD | Market Commentary: Possible bankruptcy marks uptick for Avaya; Peabody up on coal, possible bankruptcy exit
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11/9/2016 | DD | Market Commentary: Trump presidency trickles down for upticks, several industries decline; energy, pharma up; hospitals lose
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10/28/2016 | DD | Market Commentary: Community Health slows after tumultuous Thursday; other healthcare mixed following suit; energy wobbles
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10/27/2016 | DD | Market Commentary: Community Health suffers after earnings; Intelsat keeps gaining; Murray Energy sees modest gains
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10/26/2016 | DD | Market Commentary: Oil retreats as energy mixed on day; Quorum Health sees decline ahead of results; several retailers slide
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10/25/2016 | DD | Market Commentary: Peabody reacts to OPEC speculation, oil prices; Linn builds on growth; Freeport-McMoRan posts earnings
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10/20/2016 | DD | Market Commentary: Energy sees modest moves as oil slumps; Valeant active without much movement; non-actives trade again
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10/19/2016 | DD | Market Commentary: Energy stocks rally amid conference and indicators; China economic data uplifts coal; after downgrade, CF looks up
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9/27/2016 | DD | Market Commentary: Bankrupt Caesars unit reaches deal with creditors; Concordia bonds mixed; iHeart upping debt facilities
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7/26/2016 | DD | Market Commentary: iHeart, Intelsat bonds trade active as earnings eyed; crude’s weakness continues to pressure energy debt
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7/25/2016 | DD | Market Commentary: Outerwall bonds pop on private equity takeover; W&T Offshore debt trades up post-exchange news
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6/28/2016 | BKDDHY | iHeartCommunications: No deal reached; debtholder talks in jeopardy
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5/16/2016 | BKDDHY | iHeartCommunications, senior secured debtholders exchange proposals
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3/9/2016 | BKDDHY | S&P puts iHeartMedia on watch
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3/8/2016 | DD | Market Commentary: Distressed bond rebound ends as profit-takers come in; oil and gas falls with crude; iHeart weakens
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1/7/2016 | BKDDHY | S&P lowers iHeartMedia, Clear Channel
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12/11/2015 | DD | Market Commentary: Distressed bonds falter as crude drops; oil and gas, retail sectors dip; iHeart takes hit
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12/10/2015 | BKDDHY | Fitch: Clear Channel notes BB-
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6/24/2015 | DD | Market Commentary: New issues push distressed bonds off radar; oil price drops, pressures industry debt; Verso up
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6/23/2015 | DD | Market Commentary: iHeart, Verso bonds come in; Alpha Natural debt declines; DynCorp steady as S&P reviews rating
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2/20/2015 | BKDDHY | Moody’s: iHeartCommunications unaffected
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2/19/2015 | BKCVDDEMIGPV | Market Commentary: Upsized Sprint, iHeart drive-bys price; new PetSmart heavily traded; funds gain $1.6 billion
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2/19/2015 | BKBWDDHYLMLW | iHeartMedia touts refinancing moves, will stay opportunistic
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2/19/2015 | DDHY | Fitch rates iHeart notes CCC
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2/19/2015 | BKDDHY | Moody’s gives iHeart notes Caa1
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2/19/2015 | DDHY | S&P rates iHeart notes CCC+
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1/6/2015 | DD | Market Commentary: Another oil drop weighs on E&P sector; Cliffs Natural Resources gains ground; JCPenney weakens
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12/18/2014 | DD | Market Commentary: Distressed bonds rage upward; energy names rise despite oil drop; Nortel holders to get interest
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11/26/2014 | DD | Market Commentary: Distressed debt gains ground amid limited liquidity; Colt Defense says going concern in doubt
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11/24/2014 | DD | Market Commentary: NII Holdings releases restructuring plan; Cliffs ends weaker; iHeart debt declines with market
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11/21/2014 | DD | Market Commentary: Distressed bond market gains ground, rallying with stocks; energy boosted by rising oil prices
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11/20/2014 | DD | Market Commentary: Cliffs Natural Resources announces tender, bonds pop; CGG debt remains firm on Technip offer
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10/22/2014 | DD | Market Commentary: Equity sell-off weighs on distressed debt; oil, coal names mixed; Caesars, NII continue climb
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10/21/2014 | DD | Market Commentary: Distressed bond market gains for second day; iHeart busy, better; mining, coal continue rally
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10/16/2014 | DD | Market Commentary: Distressed bonds head into higher territory; energy, coal names follow the trend; iHeart firms
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9/24/2014 | BKCVDDEMIGPV | Market Commentary: Burger King, Ally lead $5.62 billion session; bonds softer despite equity gain; Toys firms
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9/23/2014 | BKDD | Fitch maintains iHeartCommunications notes
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9/22/2014 | BKCVDDEMIGPV | Market Commentary: GM unit leads nearly $2.6 billion drive-by parade; overall market easier; Quicksilver quashed
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