| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hertz Corp. > News item |
PBF higher; Transocean, NGL, Talen, Nabors, Hertz decline; Peabody rallies
By Cristal Cody
Tupelo, Miss., May 13 – Distressed energy bonds headed out mixed in secondary trading as oil prices sank over Thursday’s session.
Petroleum refiner PBF Holding Co. LLC’s 6% senior notes due 2028 (B3/B+/B+) traded over ¼ point better in the 78 bid range on more than $15 million of secondary volume, a source said.
Meanwhile, offshore driller Transocean Inc.’s bonds fell about 1½ to 2¼ points.
Diversified midstream services provider NGL Energy Partners LP’s 7½% senior notes due 2026 (Caa1/CCC+) were seen down about ½ point to 89¼ bid.
Power company Talen Energy Supply LLC’s 6% senior notes due 2036 (B3/CCC+/B) headed out nearly 1¼ points weaker at 65 bid.
Oil and gas drilling contractor Nabors Industries Inc.’s 5¾% senior notes due 2025 (Caa2/CCC-) also softened about ½ point to 82½ bid.
In other energy issues, coal producer Peabody Energy Corp.’s 6 3/8% notes due 2025 (Caa1/CCC) added nearly 2¼ points to trade at the 55½ bid area. The notes are 11¼ points higher from the same session last week.
Hertz Corp.’s bonds traded lower a day after the car rental provider announced it selected a rival bid to fund its exit from Chapter 11 bankruptcy.
Hertz’s 5½% notes due 2024 fell about ½ point to 102½ 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.