| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers P > Headlines for PBF Holding Co. LLC > News item |
Energy bonds drop; PBF, NGL slide; Talen, Diamond Sports improve; Washington Prime flat
By Cristal Cody
Tupelo, Miss., Aug. 2 – Distressed energy bonds softened on Monday on flat to weaker crude oil prices.
“It was a pretty big move back to 70 now for oil,” a source said. “The lower-rated names cut back significantly.”
PBF Holding Co. LLC’s 9¼% senior secured notes due 2025 (Ba3/BB/BB) lost over 3 points by the close to trade at 89 3/8 bid on $19.5 million of secondary supply.
NGL Energy Partners LP’s 7½% senior notes due 2026 (Caa1/CCC+) slipped more than 2¼ points to the 82 bid area on $3 million of trading action.
Transocean Inc.’s bonds were mixed with the 8% debentures due 2027 (C/CCC) quoted at 74½ bid by the close, up about ¾ point on the day but down 11¾ points since the beginning of July.
Talen Energy Supply LLC’s bonds improved with the 6½% senior notes due 2025 (B3/CCC+/B-) more than 4 points higher at the 63 bid area on over $3.4 million of secondary volume, a source said.
Elsewhere, Diamond Sports Group LLC’s notes were flat to better after the 6 5/8% senior notes due 2027 (Caa2/CCC-/) fell to the high 30s last week.
The 6 5/8% notes improved 5/8 point to 40¼ bid in thin trading Monday.
Washington Prime Group, LP’s 6.45% notes due 2024 (C/D/CC) were mostly unchanged at 61¼ 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.