Distressed Debt Watch - January

Bankrupt

• Exco Resources (XCOO, EDGAR) bond due Sept 2018 trading at 7 cents; filed for bankruptcy today. 
• Cobalt International Energy (CIEIQ, EDGAR) bond due Dec 2019 trading at 32 cents; filed for bankruptcy.

Not Yet Bankrupt

• Iconix Brand Group (ICON, EDGAR) bond due March 2018 trading at 82 cents, YTM of 137%.
• Bon Ton Stores (BONT, EDGAR) bond due June 2021 trading at 25 cents, YTM over 65%. Missed interest payment due December 15 and entered forbearance agreement today.
• Egalet Corp (EGLT, EDGAR) bond due April 2020 trading at 46 cents, YTM over 47%.
• GNC Holdings (GNC, EDGAR) bond due August 2020 trading at 49 cents, YTM of 32%.
• Frontier Communications (FTR, EDGAR) bond due April 2022 trading at 73 cents, YTM of 17%.