Frontier under pressure; energy names trade down; retail rebounds

By Abigail W. Adams

Portland, Me., July 16 – Several names in the distressed debt space were active on Tuesday as crude oil futures tanked and company news sparked activity in certain names.

Frontier Communications Corp.’s capital structure was under pressure after the company announced it would not hold a Q&A on its earnings conference call.

Several energy names were trading off alongside crude oil futures as geopolitical tensions between the United States and Iran eased.

In the retail space, L Brands Inc.’s 6 5/8% senior notes due 2021 and Revlon Inc.’s 5¾% senior notes due 2021 were on the rise after retail sales for June beat analyst expectations.

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