Tuesday, April 10, 2018

Distressed Debt Watch - April 2018

  • FTR (Citizens Communications Co) 7.875% due January 2027, trading at 54 ytm ~19%.
  • EGLT 5.5% due April 2020 trading at 36 ytm 70%
  • XCOOQ (in bankruptcy) both notes trading 13-14 cents
  • Sears 8% due December 2019 trading at 35 yielding ~90% to maturity
  • Windstream Corp 6.375% due August 2023 trading 57 cents yielding ~19% tm
  • GNC 1.5% due August 2020 trading 73 cents ytm 15%
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4 comments:

  1. AnonymousApril 11, 2018 at 8:17 AM

    GNC situation kind of interesting...

    ReplyDelete
  2. League of Women VotersApril 11, 2018 at 8:47 AM

    What are your thoughts?

    ReplyDelete
  3. AnonymousApril 11, 2018 at 10:28 AM

    Large buyers of FTR paper around, hear Goldentree involved

    I own 7.45s '35, good value

    ReplyDelete
  4. League of Women VotersApril 11, 2018 at 10:45 AM

    Are you hedging those?

    Don't you think you are out of the money?

    ReplyDelete