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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3/3/2025 | BKDDHY | S&P upgrades Lumen
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12/31/2024 | DD | Market Commentary: Outlook 2025: Distressed bond supply shrinks; pressure continues in cable/satellite, health care
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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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11/15/2024 | BKDDHY | S&P adds Lumen to positive watch
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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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10/22/2024 | DD | Market Commentary: Michaels’ notes down across capital stack; Lumen Technologies paper quiets after rally
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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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5/2/2024 | DD | Market Commentary: Sunnova Energy bonds jump; Altice paper slides; Lumen, iHeart, Ardagh soft; DISH declines
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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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4/5/2024 | 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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3/28/2024 | BKDDHYLM | Lumen Technologies closes transactions under support agreement
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3/25/2024 | BKDDHY | Moody's adds LD to Lumen rating
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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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3/15/2024 | DD | Market Commentary: DISH paper, CDS spreads weaken; iHeartCommunications softens; Lumen, Level 3 mixed
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3/11/2024 | BKDDHYLM | Lumen launches consent solicitation to enable TSA implementation
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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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2/7/2024 | BKBWDDHY | Lumen, creditors, banks happy with new transaction support agreement
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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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1/26/2024 | DD | Market Commentary: Lumen sinks following amended restructuring plan; DISH mostly recovers; Spirit Airlines lower
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1/25/2024 | DD | Market Commentary: Lumen paper mixed on amended restructuring plans as recovery mulled; market rally fades
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1/25/2024 | BKDD | Lumen Technologies enters amended and restated transaction support agreement
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12/14/2023 | DD | Market Commentary: DISH leads secondary supply; iHeartCommunications moves up; Lumen bonds, CDS spreads improve
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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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10/4/2023 | BKBWDDGNHYLM | Lumen exec: Higher-cost debt expected near-term as debt is refinanced
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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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9/22/2023 | DD | Market Commentary: Staples, Michaels bonds trade up on day, lower on week; Lumen one of week’s top gainers
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9/20/2023 | DD | Market Commentary: Lumen bonds see strong pickup; Bausch Health mostly lower; Altice’s CSC notes mixed
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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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9/15/2023 | BKBWDDGNHY | Lumen: No merit to bondholders’ claim about breach of debt covenants
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9/14/2023 | DD | Market Commentary: AMC notes gain on capital raise; Allen Media surges on partnerships; Lumen improves
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9/12/2023 | DD | Market Commentary: Staples notes improve pre-earnings; AMC rebound continues; Lumen gives back gains
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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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9/1/2023 | DD | Market Commentary: Rite Aid keeps week’s gains; AMC second-lien notes up; Lumen slips; August returns down
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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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8/29/2023 | BKDDGNHY | Fitch trims Lumen Technologies
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8/24/2023 | DD | Market Commentary: AMC bonds slide under secondary focus; Lumen mixed; Rite Aid flat, CDS spreads gap out
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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 | BKDDGNHY | Moody's lowers Lumen
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8/17/2023 | DD | Market Commentary: Cracks widen in Rite Aid, CDS spreads ease nearly 5,000 bps; DISH drops; Lumen softens
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8/17/2023 | BKDDGNHY | S&P lowers Lumen ratings
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8/16/2023 | DD | Market Commentary: WeWork distressed notes silent after downgrade; Lumen Tech higher; Bausch Health mixed
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8/3/2023 | DD | Market Commentary: CommScope bonds slide on second-quarter losses; Lumen notes decline; Rite Aid higher
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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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7/27/2023 | DD | Market Commentary: Lumen Technologies bonds, CDS weaken; Rite Aid secured notes rebound; CommScope higher
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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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7/18/2023 | DD | Market Commentary: Frontier notes bounce back; CommScope bonds decline in strong sell-off; Lumen lower
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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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7/11/2023 | DD | Market Commentary: Level 3 paper jumps in trading that tops $100 million; Lumen, Embarq soften; Coinbase up
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7/5/2023 | 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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5/3/2023 | DD | Market Commentary: Western Alliance notes lower; regional banks stay in focus; Lumen mixed post earnings
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4/24/2023 | BKDDGNHY | S&P lowers Lumen
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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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3/10/2023 | DD | Market Commentary: SVB sinks as FDIC shuts bank, trading volume soars past $1 billion; Bausch, Lumen lower
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3/3/2023 | DD | Market Commentary: AMC secured notes improve; Lumen paper, CDS spreads weaken; QVC, Qurate mostly lower
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2/27/2023 | DD | Market Commentary: AMC bonds mixed ahead of earnings; Bausch paper active; Carvana mostly up; Lumen lower
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2/27/2023 | BKDDHY | Moody's slashes Lumen, view to negative
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2/24/2023 | DD | Market Commentary: Carvana bonds mixed in strong volume; Lumen disappoints; Bausch mostly unchanged
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2/22/2023 | DD | Market Commentary: AMC paper gives back in heavy secondary volume; Lumen gains; Carvana trades higher
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2/21/2023 | DD | Market Commentary: Diamond Sports active; Sinclair pressured; Revlon, Bed Bath & Beyond trade; Lumen drops
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2/17/2023 | DD | Market Commentary: Pre-holiday trading thins; Bed Bath Beyond active; Carvana bonds drop; Lumen lower
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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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2/15/2023 | DD | Market Commentary: Avaya bonds decline; Bed Bath & Beyond notes edge higher; Lumen paper under pressure
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2/14/2023 | DD | Market Commentary: Diamond Sports mixed; Diebold edges up; Lumen bonds flat to lower; Bausch declines
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2/9/2023 | DD | Market Commentary: Diamond Sports secured notes trade up; Bed Bath & Beyond improves; Diebold, Lumen flat
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2/8/2023 | DD | Market Commentary: Bed Bath & Beyond bonds mostly higher; Lumen paper declines; Diamond Sports improves
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11/23/2022 | DD | Market Commentary: AMC notes gain in pre-holiday volume; Embarq, Lumen weaken; Rite Aid CDS spreads firm
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10/28/2022 | DD | Market Commentary: CHS bonds move higher; Bed Bath & Beyond little changed; Embarq flat; Lumen declines
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10/13/2022 | DD | Market Commentary: AMC lower; Credit Suisse CDS spreads firm; Rite Aid lower for week; Embarq softens
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9/22/2022 | BKCVDDEMIGPV | Market Commentary: Royal Caribbean drives by, recent issue falls; Citrix weakens; HY funds out $1.66 billion
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9/20/2022 | BKCVDDEMIGPV | Market Commentary: Tibco prices $4 billion to yield 10%; secondary trading in junkland down ¼ point
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9/19/2022 | BKCVDDEMIGPV | Market Commentary: Citrix, Brightspeed on tap; Embarq notes fall; Carvana bounces
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11/24/2020 | BKCVDDEMIGPV | Market Commentary: Oversubscribed primary; Lumen moves up; Carnival better; United mixed; U.S. Steel improves
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