| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for WW International, Inc. > News item |
DISH drops on ratings downgrade; WW notes rally in second look; Rite Aid moves higher
By Cristal Cody
Tupelo, Miss., July 26 – DISH Network Corp.’s bonds fell about ¼ point to nearly 1½ points on more than $113 million of paper traded on Wednesday following a downgrade from Moody’s Investors Service, a source said.
DISH DBS Corp.’s 7¾% senior notes due 2026 (Caa2/B-) slipped around ½ point to 63 bid on $28.7 million of trading, putting it among the top junk names and most active distressed issue seen, a source said.
The 5 1/8% senior notes due 2029 (Caa2/B-) declined 1¼ points to 49 bid on $12.9 million of trading.
Meanwhile, WW International Inc.’s 4½% senior secured notes due 2029 (B3/B) have rallied about 7 points to 8 points over the last week, a source said.
The bonds were quoted in the 71 to 71½ area during the session and were last seen going out more than 2½ points higher with a 71 bid handle on $13.95 million of volume after Morgan Stanley raised its recommendation on the stock.
Paper from Rite Aid Corp. continued to rebound over the session in strong trading supply totaling more than $11 million.
The 8% senior secured notes due 2026 (Caa3/CCC-/B) added 3/8 point to 50 7/8 bid, a source said.
© 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.