3/31/2023 | DD | Market Commentary: DISH notes higher; Carvana trading thins; First Republic gains; QVC up; Qurate declines
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2/16/2023 | DD | Market Commentary: Emergent BioSolutions, CHS rally; Coinbase up; Avaya, Lumen, Rite Aid decline; Adani up
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2/16/2023 | BKCVDDHY | Fitch cuts Avaya D
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2/15/2023 | DD | Market Commentary: Avaya bonds decline; Bed Bath & Beyond notes edge higher; Lumen paper under pressure
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2/15/2023 | BKDDHY | Moody's downgrades Avaya
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12/15/2022 | DD | Market Commentary: Avaya notes decline; Carvana paper higher on day; Carnival bonds, CDS spreads weaken
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12/14/2022 | DD | Market Commentary: Embarq rallies; Avaya claws back 2½ points; distressed auto names active; Wheel Pros up
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12/14/2022 | BKCVDDHY | Fitch axes Avaya
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12/13/2022 | DD | Market Commentary: Distressed retail paper up in heavy trading; Staples, Michaels improve; Avaya slides
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11/30/2022 | DD | Market Commentary: Avaya notes edge up, stock drops; Global Medical Response weak; Diamond Sports declines
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9/28/2022 | DD | Market Commentary: Bausch mostly flat, quiet after exchange; more defaults eyed; QVC up; AT&T soft; CHS drops
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8/25/2022 | DD | Market Commentary: Rite Aid, Staples, Kohl’s paper, CDS spreads under pressure; Avaya notes climb higher
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8/12/2022 | DD | Market Commentary: AMC secured notes move higher; Avaya bonds shed over 3 points; Bausch Health improves
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8/12/2022 | DD | Market Commentary: AMC secured notes move higher; Avaya bonds shed over 3 points; Bausch Health improves
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8/11/2022 | DD | Market Commentary: Qurate Retail, Rite Aid, Staples paper up on week, CDS spreads improve; Avaya declines
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8/11/2022 | BKCVDDHY | Fitch slashes Avaya
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8/3/2022 | BKCVDDHY | Fitch slices Avaya
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6/10/2022 | BKCVDDHY | S&P rates Avaya loan B-
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6/9/2022 | BKCVDDHY | Fitch rates Avaya loan BB-
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11/28/2017 | DD | Avaya Chapter 11 plan confirmed, expects to emerge by end of year
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11/9/2017 | BKDD | Avaya raises term loan to $2.93 billion, firms at Libor plus 475 bps
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11/1/2017 | BKDD | Avaya launches $2.43 billion term loan at Libor plus 475-500 bps
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10/31/2017 | DD | Avaya gets nod to solicit votes on second amended reorganization plan
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10/26/2017 | DD | Avaya sees $6.58 million of September operating income; revenue up
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10/26/2017 | BKDD | Avaya to launch $2.43 billion first-lien term loan on Wednesday
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10/24/2017 | BKDD | Avaya achieves global plan consensus, gets exit financing commitment
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10/16/2017 | DD | Avaya granted approval of $40 million patent infringement settlement
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10/11/2017 | DD | Avaya deal settles $1.2 billion in pension plan termination claims
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9/26/2017 | DD | Avaya posts $38 million of operating income for August; revenue climbs
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9/22/2017 | DD | Avaya grants $40 million claim in patent infringement suit settlement
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9/13/2017 | DD | Avaya and creditors ordered to mediation to resolve plan objections
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9/11/2017 | DD | Avaya granted exclusivity extension to avoid competing plan filings
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9/1/2017 | DD | Avaya posts $8.48 million operating loss for July; revenue declines
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8/30/2017 | DD | Avaya requests exclusivity extension to avoid competing plan filings
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8/25/2017 | DD | Avaya disclosure statement OK’d; plan hearing scheduled for Nov. 15
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8/16/2017 | DD | Avaya second-lien noteholders, crossover group balk at plan changes
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8/7/2017 | DD | Avaya first-lien creditors to support amended plan; PBGC deal reached
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7/26/2017 | DD | Avaya gets second exclusivity extension to continue plan negotiations
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7/26/2017 | DD | Avaya posts $16.47 million operating loss for June; revenue declines
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7/12/2017 | DD | Avaya requests exclusivity extension to continue plan negotiations
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6/27/2017 | DD | Avaya reports $32.69 million operating loss for May; revenue increases
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5/31/2017 | DD | Avaya granted approval of $100 million sale of networking business
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5/25/2017 | DD | Avaya reports $4.47 million of April operating income; revenue down
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5/25/2017 | DD | Avaya receives exclusivity extension to work toward confirming plan
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5/22/2017 | DD | Avaya receives alternative Chapter 11 plan proposal from creditors
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5/19/2017 | DD | Avaya cancels May 23 auction, to seek approval of stalking horse bid
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5/17/2017 | DD | Market Commentary: Intelsat ‘bucking trend’ on lower day; Avaya down following objection; Noble gets back
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5/16/2017 | DD | Avaya first-lien debtholders object to length of exclusivity extension
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4/27/2017 | DD | Avaya reports operating income of $70.54 million for March
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4/25/2017 | DD | Market Commentary: Freeport McMoRan, Avaya tick higher on company-related news; Ocwen ‘volatile’; Community Health gains
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4/18/2017 | DD | Market Commentary: Petsmart sees several-point intraday swing post-acquisition; Avaya quiets after Monday uptick; pharma drops
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4/17/2017 | DD | Market Commentary: Avaya higher on reorganization plan filing; health care largely unchanged following HCA’s forecast; Hertz up
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4/17/2017 | DD | Avaya files plan to reduce pre-filing debt by more than $4 billion
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4/12/2017 | DD | Avaya requests exclusivity extension to work toward confirming plan
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4/5/2017 | DD | Avaya network solutions business sale procedures OK’d; auction May 23
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3/24/2017 | DD | Market Commentary: Community Health ‘wildly active’ on similar day in Congress; Valeant up across board; retailers drop
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3/23/2017 | DD | Market Commentary: Community Health up marginally as health bill stalls; Concordia, Avaya dip several points; iHeart quiet
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3/10/2017 | DD | Avaya receives final approval for $725 million DIP financing
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3/9/2017 | DD | Avaya asks court to approve $100 million sale of network solutions
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3/9/2017 | DD | Market Commentary: Oil slips again, but distressed doesn’t ‘capitulate’ as much as day prior; existing Valeant up; Intelsat slides
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3/8/2017 | DD | Market Commentary: Plummeting oil brings California Resources, others down; Community Health, Valeant down; Intelsat up
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3/7/2017 | DD | Market Commentary: Intelsat big moves from Friday pick back up; Community Health, Valeant down on health care bill
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3/7/2017 | DD | Avaya in deal to sell network solutions business for $100 million
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3/3/2017 | DD | Market Commentary: Intelsat closes out merger-filled week on decline; Neiman down after Lazard hire; Valeant mixed post-sale
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3/2/2017 | BKDD | Avaya auction to settle credit default swaps sets final price at 80.5
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2/28/2017 | DD | Market Commentary: Intelsat sees gains after confirming merger with OneWeb; Valeant down post-results; Endo, Neiman unchanged
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2/27/2017 | DD | Market Commentary: Intelsat up big ahead of earnings on reported merger talks with OneWeb; Valeant up marginally before results
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2/24/2017 | DD | Market Commentary: Community Health ‘lackluster’ to cap gaining week; retailers mixed after J.C. Penney announces closings
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2/22/2017 | DD | Market Commentary: Community Health trades higher for third straight session; Intelsat up; Ultra Petroleum down on results
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2/16/2017 | DD | Market Commentary: Hornbeck Offshore down big after Q4 results; Murray continues upsurge; Valeant, Avaya, Hertz down
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2/15/2017 | DD | Market Commentary: Murray Energy gains for second session; Intelsat, iHeart up; MDC Partners rises on Goldman investment
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2/9/2017 | DD | Market Commentary: After downgrade, Neiman continues to trade lower; California Resources, Murray Energy rise; Cengage pares
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2/9/2017 | BKCVDDHY | Moody’s global speculative-grade default rate closes January at 4.6%
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2/7/2017 | DD | Market Commentary: Murray Energy up modestly on otherwise inactive day; Neiman Marcus, Avaya down; Intelsat, iHeart mixed
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2/6/2017 | BKDDHY | Moody’s rates Avaya DIP facilities Baa3
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2/3/2017 | DD | Market Commentary: Bankruptcy news sets in for Vanguard Natural; Algeco Scotsman up on exchange news; Neiman trades tightly
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2/3/2017 | BKDDHY | S&P applies BB- to Avaya DIP loan
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2/2/2017 | DD | Market Commentary: Avaya very active, though unchanged on session; retailers see mixed movement; Weatherford up on debt outlook
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1/31/2017 | DD | U.S. Trustee appoints seven to Avaya unsecured creditors committee
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1/31/2017 | DD | Market Commentary: Intelsat sees softer gains; Community Health up on fellow hospital operator results; pharma down; Peabody up
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1/31/2017 | BKDD | Avaya to settle credit default swaps by ISDA auction after bankruptcy
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1/31/2017 | BKCVDDHY | Fitch Ratings: Three January defaults expected to bring rate to 4.6%
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1/27/2017 | BKCVDDEMHY | Prospect News reports one new default for week of Jan. 19 to Jan. 25
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1/26/2017 | DD | Market Commentary: Quiet day capped by more Avaya activity; Intelsat rises; Bonanza down slightly post-settlement; E&P up
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1/25/2017 | DD | Market Commentary: Avaya sees one big spike, some mixture; Neiman Marcus continues gains; Valeant rumors drive upticks
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1/24/2017 | DD | Market Commentary: Avaya up on DIP financing; Neiman Marcus recoups loss from Monday; E&P holds steady; pharma mixed
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1/23/2017 | BKDD | Avaya $425 million interim DIP loan approved; final hearing Feb. 8
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1/23/2017 | DD | Market Commentary: Bleeding goes on for Neiman Marcus as it sees steep declines; Avaya up; healthcare, pharma mixed
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1/23/2017 | BKCVDDHY | Moody’s lowers Avaya after bankruptcy filing
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1/20/2017 | DD | Market Commentary: Inauguration mutes activity in distressed market; Avaya pares earlier gains after Chapter 11 filing
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1/19/2017 | BKCVDDEMIGPV | Market Commentary: Ardagh, Vector, Koppers price, seen firmer; Avaya gains on Chapter 11; funds lose $887 million
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1/19/2017 | DD | Market Commentary: Avaya files for Chapter 11, surges; Paragon falters on reorganization agreement; Mallinckrodt rebounds
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1/19/2017 | BKDDHY | Avaya files bankruptcy, decides against contact center business sale
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1/19/2017 | BKCVDDHY | S&P downgrades Avaya on bankruptcy filing
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1/18/2017 | DD | Market Commentary: Community Health ‘tapped’ on healthcare saga; Mallinckrodt down on FTC settlement; retailers struggle
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1/17/2017 | DD | Market Commentary: iHeart stays active ahead of CDS auction; Peabody up on Chapter 11 exit; GenOn sees mixed movement
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1/13/2017 | DD | Market Commentary: Peabody to exit Chapter 11, sees several-point gain; GenOn ‘mover of the day’; Avaya down; Caesars ticks up
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1/12/2017 | DD | Market Commentary: Valeant ‘top dog’ on most active list; Community Health swings down; Murray active; Avaya dips
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1/10/2017 | DD | Market Commentary: Valeant Pharmaceuticals up big on two separate asset sales; Avaya continues fall; Neiman Marcus up
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1/9/2017 | DD | Market Commentary: Intelsat, Avaya down on otherwise quiet day; Valeant, Community Health quieter; E&P mixed as oil drops
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1/5/2017 | DD | Market Commentary: Hospitals continue gains from Obamacare dismantling talk; retailers see bad holiday sales; E&P up
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1/4/2017 | DD | Market Commentary: Community Health, Quorum Health among gainers on Obamacare shedding; Bonanza surges on Chapter 11 filing
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12/6/2016 | DD | Market Commentary: Distressed energy retreats on lower oil prices; Ensco, Intelsat up; Community Health continues climb
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12/5/2016 | DD | Market Commentary: Intelsat solidifies exchange talks; Peabody up after paying DIP in full; energy firm after oil pares
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12/2/2016 | DD | Market Commentary: Intelsat bonds bounce around on filing disclosures; energy issues keep firming; Valeant rebounds
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12/1/2016 | DD | Market Commentary: Oil sector extends gains following OPEC accord; Memorial Production up after forbearance
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11/28/2016 | DD | Market Commentary: Possible bankruptcy marks uptick for Avaya; Peabody up on coal, possible bankruptcy exit
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11/22/2016 | DD | Market Commentary: Ultra Petroleum gets huge gain after plan support agreement; Peabody rallies on commodities; oil mixed
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11/18/2016 | DD | Market Commentary: Community Health sees mixed movement after $425 million sale; oil back-and-forth; coal down, again
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11/17/2016 | DD | Market Commentary: Little movement stirred by charges against Valeant execs; Peabody reacts to China coal expansion; oil mixed
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11/15/2016 | DD | Market Commentary: Valeant Pharma seeks to decrease debt load; oil up with promising agreement on horizon; ‘one-offs’ gain
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10/21/2016 | DD | Market Commentary: Peabody finishes week on strong note; Stone mostly unchanged on restructuring agreement; Concordia loses CEO
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10/20/2016 | DD | Market Commentary: Energy sees modest moves as oil slumps; Valeant active without much movement; non-actives trade again
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10/19/2016 | DD | Market Commentary: Energy stocks rally amid conference and indicators; China economic data uplifts coal; after downgrade, CF looks up
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10/14/2016 | DD | Market Commentary: California Resources ‘active’; Valeant sees little change; Brietburn creditors urge company to nix ‘risky’ plan
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10/13/2016 | DD | Market Commentary: Valeant drops with Q3 announcement on horizon; Nortel up after settlement; Alliance leaks after deal
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9/22/2016 | DD | Market Commentary: Distressed debt remains strong post-Fed decision; California Resources improves with oil’s gain
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9/1/2016 | DD | Market Commentary: Distressed debt market ‘basically shut down’ for the week; Peabody, Avaya inch higher; oil debt dips
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8/25/2016 | BKDDHY | Moody’s drops Avaya to Caa2, notes to Caa3
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8/24/2016 | DD | Market Commentary: End of summer weighs on distressed debt trading activity; oil and gas bonds little changed; market mixed
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8/15/2016 | DD | Market Commentary: Chesapeake Energy begins tender offer; California Resources firms; Claire’s trades mixed on swap news
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8/8/2016 | DD | Market Commentary: California Resources jumps as tender amount upped; Avaya pops on asset sale rumors; Intelsat softens
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7/22/2016 | DD | Market Commentary: Odebrecht remains weak as company fights off rumor mill; Avaya’s upward trend continues; AMD gains
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7/21/2016 | DD | Market Commentary: Joy Global takes attention away from distressed bonds; Avaya, Odebrecht make surprise appearances
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5/23/2016 | BKCVDDEMIGPV | Avaya gains as sale mulled; Tenet, Community Health fall post-downgrade; oil names improve
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5/23/2016 | DD | Market Commentary: Avaya bonds pop on reports of possible asset sale; oil-linked debt rises; Fannie, Freddie gain ground
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4/11/2016 | DD | Market Commentary: Distressed debt trading muted as earnings season begins; Chesapeake Energy bonds higher on amendments
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4/8/2016 | BKDDHY | S&P lowers Avaya
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2/12/2016 | BKDDHY | Moody’s lowers Avaya, loans, notes
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10/24/2015 | DD | Market Commentary: Valeant leads pharma rebound; Platform Specialty off as CEO plans exit; energy names slide
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10/23/2015 | DD | Market Commentary: Valeant, other drug makers continue slide; hospital names trade off; oil credits again lower
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10/9/2015 | DD | Market Commentary: Oil and gas paper gyrates with crude prices; First Quantum remains firm; Avaya bonds drop
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8/5/2015 | BKCVDDEMIGPV | Market Commentary: Upsized First Data drive-by leads biggest primary day since June; new Party City jumps
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10/21/2014 | DD | Market Commentary: Distressed bond market gains for second day; iHeart busy, better; mining, coal continue rally
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7/15/2014 | DD | Market Commentary: Distressed market takes another dip; Sun Products bonds retreat; Avaya, Walter, Caesars weaken
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5/30/2013 | BKDDHY | S&P: Avaya view to negative
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2/19/2013 | BKDDHY | S&P gives Avaya notes CCC+
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2/8/2013 | BKDDHY | Moody's rates Avaya notes Caa1
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9/4/2012 | BKDDHY | Moody's: Avaya view negative
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7/17/2012 | DD | Market Commentary: PDVSA debt trades actively, mixed; Alcatel-Lucent says profit to miss, bonds drop in response
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6/14/2012 | DD | Market Commentary: Nokia is day's 'big downer' as it slashes jobs, revises guidance; oil sector holding its own
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3/31/2011 | DD | Market Commentary: Rite Aid goes sideways after sales report; Dynegy paper firms, TXU unchanged; Avaya debt slips
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3/16/2010 | DDHY | S&P lowers Avaya
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12/18/2009 | DD | Avaya announces completion of Nortel Enterprise Solutions purchase
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