3/18/2025 | BKDDHY | Fitch assigns B+ to Level 3 loan
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3/18/2025 | BKDDHY | S&P gives Level 3 loan B+
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3/18/2025 | BKDDHY | Moody's rates Level 3 loan B1
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3/5/2025 | BKDDHY | Moody's ups Lumen, Level 3, Qwest
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12/4/2024 | DD | Market Commentary: Lumen, Level 3 move out of distressed; Qwest baby bonds climb; Scripps paper gains
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11/26/2024 | DDHYLM | Lumen, Level 3 give results of tender offers for two 2028 notes
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11/19/2024 | DDHYLM | Lumen, Level 3 tally tenders for six notes, amend offers for two others
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11/12/2024 | DDHYLM | Lumen and Level 3 unit begin tender offers for eight series of notes
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11/5/2024 | DD | Market Commentary: Scripps bonds continue to feel pressure; secondary supply slows on Election Day focus
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10/21/2024 | BKCVDDEMIGPV | Market Commentary: goeasy prices; junk calendar grows; Jane Street softer; Lumen, Dana gain
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10/8/2024 | BKDDHY | S&P upgrades, rates Lumen notes B
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10/7/2024 | BKDDHY | Moody's rates Lumen/Level 3 notes
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10/4/2024 | DDHYLM | Lumen issues $464,325 additional 10% notes to settle exchange offer
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10/2/2024 | BKDDHY | S&P cuts Lumen
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9/17/2024 | DDHYLM | Lumen gives early results of exchange offers for Lumen, Level 3 notes
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9/11/2024 | DD | Market Commentary: QVC, Qurate Retail paper climbs on exchange offers; Lumen, Level 3 soften; Hertz up
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9/10/2024 | DD | Market Commentary: Lumen, Level 3 bonds rally after exchange offers; DISH, Hughes Satellite mixed
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9/6/2024 | DD | Market Commentary: Lumen, Level 3 notes mostly hold onto gains; DISH notes decline; telecoms stronger
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9/5/2024 | DD | Market Commentary: Lumen, Level 3 paper adds to gains; DISH jumps on lawsuit settlement chatter; AMC rises
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9/5/2024 | BKDDHY | Fitch cuts Lumen notes, rates notes
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9/4/2024 | DD | Market Commentary: Lumen, Level 3 distressed bonds jump on exchange offers; AMC notes gain; Gray Media declines
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9/4/2024 | BKDDHY | S&P zaps Lumen ratings
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9/3/2024 | DD | Market Commentary: Lumen, Level 3 down ahead of exchange offers; Qwest better; iHeart mostly slips
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9/3/2024 | DDHYLM | Lumen Technologies offers capped exchange offers on Lumen, Level 3 notes
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8/28/2024 | DD | Market Commentary: Lumen, Level 3 soften after short-seller diss; Embarq notes trade up; secondary slows
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8/21/2024 | DD | Market Commentary: Lumen, Level 3 distressed paper extends secondary gains; Sinclair Television pressured
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8/20/2024 | DD | Market Commentary: Scripps mostly climbs; Lumen, Level 3 notes on rebound; MultiPlan senior notes decline
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8/19/2024 | BKDDHY | Moody's upgrades Lumen
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8/15/2024 | DD | Market Commentary: Qurate Retail, QVC bonds lifted; Michaels notes higher on week; Lumen, Level 3 climb
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8/7/2024 | DD | Market Commentary: CommScope up ahead of earnings; Lumen, Level 3 mostly keep gains; Community Health rises
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8/7/2024 | BKCVDDEMIGPV | Market Commentary: Junk primary reactivates with two deals; Level 3 trims; CommScope jumps on earnings eve
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8/6/2024 | DD | Market Commentary: Lumen, Level 3 securities jump; AMC notes mostly flat as paper quiets; REITs pressured
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8/6/2024 | BKCVDDEMIGPV | Market Commentary: Shadow calendar builds with Arcosa, JetBlue eyed; junk bounces back; Level 3 levels up
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7/31/2024 | DD | Market Commentary: AMC first-lien notes edge higher; Lumen, Level 3 hold onto gains; CSC secured bonds drop
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7/30/2024 | DD | Market Commentary: Lumen, Level 3 bonds rally on Corning deal; Michaels drops; July distressed returns up
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7/24/2024 | DD | Market Commentary: AMC continues gains; Level 3 senior notes rally; year-to-date distressed returns climb
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7/11/2024 | DD | Market Commentary: Hertz on rebound, paper adds to gains; Michaels’ notes edge higher; Level 3 climbs
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5/22/2024 | DD | Market Commentary: CSC bonds trade mostly to upside; Level 3 paper declines; Diamond Sports paper softer
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5/1/2024 | DD | Market Commentary: iHeart improves; DISH stronger; Lumen, Level 3 drop; corporates likely to ‘chug along’
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4/30/2024 | DD | Market Commentary: AMC notes pressured; Level 3 drops in pre-earnings trading; distressed returns up
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4/10/2024 | DD | Market Commentary: Bausch bonds lead distressed gains; iHeart paper steady to weaker; Cumulus Media quiet
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4/5/2024 | BKDDHY | Moody’s rates Level 3 loans, notes
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4/4/2024 | BKDDHY | S&P lifts Lumen
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4/1/2024 | DD | Market Commentary: Altice bonds continue to mostly decline; Lumen, Level 3 paper mixed; Telesat Canada softens
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4/1/2024 | BKDDHY | Fitch lowers Lumen
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3/22/2024 | DD | Market Commentary: Altice notes mostly soften; DISH bonds edge higher; Lumen, Level 3 mixed on exchange
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3/22/2024 | BKDDHY | S&P zaps Lumen
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2/29/2024 | DD | Market Commentary: Level 3 bonds erratic; AMC paper shakes off midweek pressure; iHeartCommunications up
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2/20/2024 | DD | S&P drops Enviva to D
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2/20/2024 | BKDDHY | Moody’s lowers Lumen
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2/7/2024 | DD | Market Commentary: New York Community Bancorp paper drops, sparks bank crisis chatter; Lumen, Level 3 volatile
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2/6/2024 | DD | Market Commentary: Lumen up ahead of earnings report; company skips revenue guidance; Spirit Airlines gains
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1/31/2024 | DD | Market Commentary: DISH bonds soften; CSC notes pressured; Telesat drifts lower; Level 3 bonds slide
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1/30/2024 | BKDDHYPF | S&P lowers Lumen
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1/29/2024 | DD | Market Commentary: Spirit Airlines moves higher; Level 3 paper volatile; DISH up on day, soft in January
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1/29/2024 | DD | Market Commentary: Spirit Airlines moves higher; Level 3 paper volatile; DISH up on day, soft in January
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1/26/2024 | DD | Market Commentary: Lumen sinks following amended restructuring plan; DISH mostly recovers; Spirit Airlines lower
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12/29/2023 | BKCVDDEMHY | Outlook 2024: Higher corporate defaults likely as volatility mounts, default candidates grow
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12/7/2023 | DD | Market Commentary: DISH picks up after clearing merger hurdles; Level 3, Lumen bonds mixed; WW notes climb
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12/4/2023 | DD | Market Commentary: Hawaiian Airlines moves out of distressed space on merger; Spirit Air up; Level 3 gains
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12/1/2023 | DD | Market Commentary: Lumen, Level 3 drop; Glatfelter up; CommScope mostly soft; distressed returns strong
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11/27/2023 | DD | Market Commentary: Hawaiian Airlines rises; Spirit Airlines declines; Level 3 bonds mixed; CommScope down
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11/22/2023 | DD | Market Commentary: Spirit Airlines quiets in secondary; Lumen distressed notes lower; AMC paper improves
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11/10/2023 | DD | Market Commentary: Enviva notes edge back from plunge; CommScope moves lower; Level 3 paper rallies
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11/7/2023 | DD | Market Commentary: DISH bonds mixed but mostly lower; CommScope gains; Lumen higher; Level 3 notes weaken
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11/3/2023 | DD | Market Commentary: CommScope pulls back from gains; QVC, Qurate Retail notes rally; Level 3, Lumen soft
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11/2/2023 | DD | Market Commentary: CommScope recovers some of week’s losses; Level 3, Lumen volatile; Spirit Airlines up
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11/2/2023 | BKDDHY | Fitch lowers Lumen
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11/2/2023 | BKDDGNHY | S&P puts Lumen on watch
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10/31/2023 | BKDDHYLM | Lumen announces agreement with creditors to extend debt, obtain $1.2 billion of new financing
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10/27/2023 | DD | Market Commentary: Lumen, Level 3 mostly higher; Hawaiian Airlines, Ardagh notes slide; iHeart drops
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10/26/2023 | DD | Market Commentary: Rite Aid steadies; iHeartMedia notes extend losses; Level 3, Lumen paper trades mixed
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10/25/2023 | DD | Market Commentary: Rite Aid bonds pick up steam in heavy trading; iHeartMedia softens; Level 3, Lumen rise
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10/24/2023 | DD | Market Commentary: Rite Aid mostly higher; Anywhere Real Estate bonds climb; Level 3, Lumen paper improve
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10/11/2023 | DD | Market Commentary: CommScope declines under renewed pressure; Level 3 paper mostly lower; Rite Aid gains
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10/2/2023 | DD | Market Commentary: CommScope paper mostly higher; AMC second-lien notes rally; Level 3 slides; Lumen lower
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9/29/2023 | DD | Market Commentary: Level 3 distressed bonds mixed; CommScope up; Wheel Pros active; new issues in focus
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9/18/2023 | DD | Market Commentary: AMC Entertainment notes decline; iHeart slips in quieter supply; Lumen, Level 3 improve
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9/8/2023 | BKCVDDEMIGPV | Market Commentary: High-yield forward calendar eyed; Level 3 bounces; Gray Television selling continues
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9/8/2023 | DD | Market Commentary: Lumen, Level 3 gain; AMC Entertainment flat to better; iHeart paper, CDS spreads improve
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8/29/2023 | DD | Market Commentary: Rite Aid distressed bonds mostly improve; Level 3 senior notes gain; CommScope higher
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8/22/2023 | DD | Market Commentary: AMC notes decline; DISH dips; iHeart higher; Lumen, Level 3 down; Wolverine flat
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8/22/2023 | BKCVDDEMIGPV | Market Commentary: Junk trading flat; Tenneco strengthens; Valaris active; Level 3 pressured on downgrade
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8/22/2023 | BKDDGNHY | Moody's lowers Lumen
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8/17/2023 | BKDDGNHY | S&P lowers Lumen ratings
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8/1/2023 | DD | Market Commentary: Lumen notes cautiously higher; Level 3 paper drops; QVC gains over summer; Rite Aid up
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7/31/2023 | DD | Market Commentary: Lumen paper soft; Level 3 improves; DISH bonds move higher; AMC loving Barbie
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7/20/2023 | DD | Market Commentary: Rite Aid secured notes up, CDS gap out; Lumen, Level 3 paper mixed; Lumen, Embarq widen
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7/13/2023 | BKCVDDEMIGPV | Market Commentary: Junk: Seadrill prices; secondary gains continue; Level 3 rises; funds down $379 million
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7/13/2023 | DD | Market Commentary: Rite Aid bonds rebound, CDS spreads gap out; Staples notes, CDS improve; Level 3 higher
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7/12/2023 | DD | Market Commentary: Bausch Health bonds swing higher; Rite Aid skids after regulatory filing; DISH slips
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7/11/2023 | BKCVDDEMIGPV | Market Commentary: Junk bond dollar market starts to rev up; Level 3 on fire; Coinbase makes gains
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7/11/2023 | DD | Market Commentary: Level 3 paper jumps in trading that tops $100 million; Lumen, Embarq soften; Coinbase up
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7/10/2023 | BKCVDDEMIGPV | Market Commentary: Primary reactivation eyed; Icahn boosted on loan agreement; Level 3 gains continue
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7/5/2023 | DD | Market Commentary: Michaels heads out flat in strong supply; QVC paper gains; Level 3, Lumen notes active
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6/29/2023 | DD | Market Commentary: CSC paper mixed; Rite Aid soft post earnings; DISH mixed; Embarq, Level 3 mostly up
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6/28/2023 | DD | Market Commentary: Carvana paper, stock rallies; Lumen, Level 3 bonds mostly higher; Rite Aid drifts lower
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6/26/2023 | DD | Market Commentary: Lumen, Level 3 little changed; iHeartMedia improves; AMC flat; distressed returns down
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6/12/2023 | DD | Market Commentary: iHeartMedia improves; distressed paper from Michaels, QVC, Rite Aid higher; Level 3 up
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6/7/2023 | DD | Market Commentary: Coinbase recovers some losses; Michaels, Qurate distressed retail up; Lumen, Level 3 rise
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6/5/2023 | DD | Market Commentary: Mallinckrodt notes up as company eyes another bankruptcy; Michaels better; Level 3 mixed
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5/15/2023 | DD | Market Commentary: DISH bonds continue to grab secondary focus; Level 3 paper mixed; Weekley Homes drops
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5/12/2023 | DD | Market Commentary: DISH bonds mixed, 2024 notes slip; Frontera Energy, Plains paper lower; Lumen gains
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4/24/2023 | BKDDGNHY | S&P lowers Lumen
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4/21/2023 | BKCVDDEMIGPV | Market Commentary: Junk: Kendrion/Kevlar, Allwyn price; Clarios flat at par; DISH rebounds; Level 3 rises
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4/21/2023 | DD | Market Commentary: DISH paper improves; QVC bonds dip; Qurate on mend; At Home drops; Lumen, Level 3 gain
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4/5/2023 | DD | Market Commentary: Distressed trading thin; Carvana softens; DISH lower; AMC down; Staples off; Level 3 declines
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3/28/2023 | BKDDGNHY | Moody's assigns Ba2 to Level 3 notes
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3/27/2023 | BKDDGNHY | Fitch slices Lumen, rates notes BB
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3/22/2023 | BKDDGNHY | S&P rates Level 3 notes BB-, cuts Lumen
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3/20/2023 | DD | Market Commentary: Credit Suisse mixed in volatile trading; bank tier 1 paper under pressure; Lumen lower
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3/16/2023 | DD | Market Commentary: Credit Suisse volatile; First Republic rallies; Lumen notes mostly up on exchange offers
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2/27/2023 | BKDDHY | Moody's slashes Lumen, view to negative
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2/14/2023 | BKCVDDEMIGPV | Market Commentary: Junk secondary unmoved by CPI; CCO Holdings, Uniti hit new lows; Level 3 rebounds
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2/8/2023 | BKCVDDEMIGPV | Market Commentary: Royal Caribbean, American Airlines price junk deals; Uniti trims premium; Lumen falls
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1/12/2021 | BKCVDDEMIGPV | Market Commentary: CrowdStrike, Vector price $1.63 billion; Antero moves up; T-Mobile, Outfront, Level 3 flat
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8/10/2020 | BKCVDDEMIGPV | Market Commentary: Ball Corp. on a 2-handle; Wyndham, Iron Mountain, CDW price; forward calendar swells
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8/7/2020 | BKCVDDEMIGPV | Market Commentary: Standard Industries, Level 3 price; Western Global at a discount; MGIC Investment soars
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6/12/2020 | BKCVDDEMIGPV | Market Commentary: Wynn Macao, Grace price; PG&E buzz continues; Delta, Level 3 rebound; Hertz in focus
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6/11/2020 | BKCVDDEMIGPV | Market Commentary: MGM China, Watco price; Wynn Macau on deck; Delta sells off; Level 3 lags; GrubHub gains
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6/10/2020 | BKCVDDEMIGPV | Market Commentary: Acadia, Level 3, Delta, New Gold price; Hillenbrand, Realogy, BWX up; American Axle lags
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9/11/2019 | BKCVDDEMIGPV | Market Commentary: Primary at $8 billion: Tegna, Level 3 upsize; Beazer Homes, WPX, Extended Stay active
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