Digest Highlights - Sept 27th

Weekly Distressed Digest Highlights - ending Sept 25, 2020


2 min read
Digest Highlights - Sept 27th

Distressed Digest

September 27th 2020

Currently tracking 204 credits from 117 companies.

If you wish to view the Distressed Watchlist within Google Sheets, please request access to it and I will shortly grant you access to it.

https://docs.google.com/spreadsheets/d/17CE82ulzQX9KuRBMBeWXdyyx6LSjXqdaTepEc27A-8s/edit#gid=1148751060

Leaders for the Week

Laggards for the Week

Weekly Highlights

Party City (PRTY) 1st lien notes traded up +7.5pts to 75 (new high).

PRTY 5.318 '25

Fresh Markets (TFM 9.75 '23) traded up +3.5pts to 90 yielding 14.5%, the highest since level since 2016.

TFM 9.75 '23

AMC Entertainment (AMC) had another bad week. The first lien notes traded down 13pts to 75 yielding 19% while the second lien notes traded down 10.5pts to 24.

AMC 10.50 '25
AMC 12.00 '26

Oasis Petroleum (OAS) skipped its interest payment entering in a 30-day period as negotiations begin with creditors. The unsecured notes fell down 7pts to the mid teens.

OAS 6.875 '22

Diamond Sports Group (DSPORT 5.375 '26) fell 6.5pts to 69 yielding 13.1% while the unsecured notes traded down 2pts to 51 yielding 20%.

DSPORT 5.375 '26
DSPORT 6.625 '27

American Airlines (AAL 3.75 '25) traded down 7.75pts to 47 as the whole capital structure was weaker during the week.

AAL 3.75 '25

Staples (SPLS 10.75 '27) were down 5.5pts to 79 yielding 16% as it gave back some of its gains from the prior week.

SPLS 10.75 '27

Written By
Rich Meatto

Co-founder of Koyfin. Former distressed high-yield trader now creating, designing, and developing a financial platform you desire. During my trading days, I would share a daily distressed digest with clients containing trading color and news. I share them with everyone in my spare time. Feel free to follow me on Twitter and my DMs are always open.