| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Community Health Systems, Inc. > News item |
Community Health bounces back; Rite Aid gains in July; Bath & Body paper improves
By Cristal Cody
Tupelo, Miss., July 29 – Community Health Systems Inc.’s bonds perked up on Friday after a midweek plunge on heavy second-quarter losses.
“They just missed earnings big,” a source said. “They bounced back.”
CHS/Community Health Systems, Inc.’s 6 7/8% senior secured second-lien notes due 2029 (Caa2/CCC/CCC) went out up around 2 points at around 54 bid.
The notes were down from starting the week at the 65¾ bid area after sliding nearly 20 points on Wednesday.
In other secondary action, Rite Aid Corp.’s 8% senior secured notes due 2026 (B3/CCC-/BB-) rose about 3 points on the week to 85¼ bid and were more than 4 points higher on the month, a source said.
The pharmacy chain’s credit default swap spreads softened less than 50 basis points this week, according to a market source.
Bath & Body Works, Inc.’s 6¾% senior notes due 2036 (Ba2/BB) rallied in July and were going out about 10 points better on the month, while its CDS spreads also tightened nearly 100 bps this week, sources said.
The 6¾% notes improved about 1 point in mostly light trading on Friday to 91 bid.
© 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.