Prospect News: News for RCN Corp.

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Prospect News home > Main news index > All issuers starting with R > Issuers starting with R, DD only > All stories on RCN Corp. > Stories on RCN Corp., DD only

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Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
Recent items, highlighted in orange, are $4.00 each. All others are $1.00 each. Headlines in gray are not currently covered by your subscription.

RCN Corp.

1/4/2005	DD	Market Commentary: R.J. Tower bonds up on new credit facility; Delta rises but Continental off
1/3/2005	DD	Market Commentary: Delta better on fare raise news; Intermet up; Mirant bank debt up as CEO out
12/23/2004	DD	Market Commentary: RCN bonds edge higher in very quiet trading on Chapter 11 emergence
12/22/2004	DD	Market Commentary: ATA continues post-ruling climb; Exelon bank debt active, though little changed
12/22/2004	DD	RCN emerges from Chapter 11
12/13/2004	DD	Market Commentary: Mirant bank debt off on court ruling; ATA bonds firm as asset battle looms
12/10/2004	DD	Market Commentary: RCN bonds firm as bankruptcy emergence nears; Mirant debt steady despite ruling
12/8/2004	DD	RCN reorganization plan gets more than 99% of creditor backing
12/6/2004	DD	Market Commentary: Oxford Auto up on asset-sale developments; Boston Exelon loan sale confirmed
11/29/2004	DD	Market Commentary: Delta bonds better in quiet dealings; Reliant refinancing fails to move bank debt
11/17/2004	DD	RCN gets extension to exclusive right to file plan
11/16/2004	DD	RCN gets the nod on issuing convertible second lien notes
11/16/2004	DD	RCN loses $75.45 million in third quarter on sales of $121.36 million
11/16/2004	DD	Market Commentary: W.R. Grace bank debt eases from highs; Delta bonds back off as well
11/9/2004	DD	RCN gets bridge order to solicit votes until Nov. 16
11/3/2004	DD	RCN gets extension to Nov. 10 to solicit votes
10/28/2004	BKDDHY	Moody's rates RCN SGL-2
10/27/2004	BKCVDD	Moody's rates RCN loan B3
10/25/2004	DD	RCN asks court to approve $20 million increase in exit facility
10/25/2004	DD	Market Commentary: Delta surges on financing news; Federal-Mogul bank debt continues to firm
10/19/2004	DD	RCN to buy out Washington joint venture partner for $29 million
10/18/2004	DD	RCN gets bridge order extending exclusivity until Nov. 3 hearing
10/14/2004	DD	RCN confirmation hearing scheduled for Dec. 8
10/13/2004	DD	RCN disclosure statement approved by court
10/12/2004	DD	Market Commentary: Delta bonds firm in late activity; Adelphia bank debt remains busy
10/8/2004	DD	RCN reports $26.63 million loss for August
10/8/2004	DD	Market Commentary: Winn-Dixie bonds steady on hurricane insurance; Salton eases; Mirant bank paper up
10/5/2004	DD	RCN gets bridge order to extend exclusivity to Oct. 12
9/28/2004	DD	RCN gets disclosure statement hearing rescheduled
9/23/2004	DD	RCN employee objects to disclosure statement over employee stock plan
9/16/2004	DD	RCN seeks to extend exclusive period by three months as precaution
8/25/2004	DD	Market Commentary: ATA bonds languish at lower levels as company denies plans to quit Midway; Mirant loan paper firmer
8/23/2004	DD	RCN general unsecured claimsholders to get 100% of reorganized company's equity
8/23/2004	DD	Market Commentary: Delta Air bonds continue Friday's retreat; RCN up as plan filed
8/5/2004	DD	RCN anticipates filing reorganization plan before the end of August
8/5/2004	DD	Market Commentary: Mirant gains; Calpine softer; Adelphia higher; UAL better; Pegasus steady on stock split
8/4/2004	DD	Market Commentary: Reliant Energy bank paper bounces around on earnings; Adelphia bonds off, Pegasus steady
7/21/2004	DD	RCN shopping for a new CEO
7/21/2004	DD	Market Commentary: Acquisition offer intrigues Galey & Lord loan investors; Delta volatile on pilot concession news
6/23/2004	DD	Market Commentary: Telewest, RCN bonds firmer after court rulings; recently strong Leap debt stumbles on report
6/23/2004	BKDD	RCN gets order approving fees for $460 million exit financing facility
6/22/2004	DD	RCN: Wells Fargo Foothill offered to provide exit financing to RCN
6/21/2004	DD	RCN takes flak over $460 million exit financing from preferred shareholders
6/21/2004	DD	Market Commentary: Hanger hung out to dry on subpoena news; Pegasus bonds lower
6/17/2004	DD	Market Commentary: Horizon paper bouncing around; Dan River bonds firmer
6/16/2004	DD	Market Commentary: Leap bank debt continues to jump; Trico bonds seen higher but trading flat
6/14/2004	DD	Market Commentary: Pegasus bonds better following court ruling; Horizon bank debt jumps
6/14/2004	DD	RCN gets official unsecured creditors' committee
6/10/2004	DD	Market Commentary: Pegasus bonds bounce around after mixed ruling; Owens Corning loans up on progress report
6/10/2004	BKDD	RCN gets approval for $460 million exit facility
6/1/2004	BKDD	Pricing emerges on RCN's $460 million exit facility
5/28/2004	DD	Market Commentary: RCN notes up as they begin trading flat; Mirant bank debt lower
5/27/2004	DD	RCN files prepackaged Chapter 11, obtains $460 million loan commitment
5/27/2004	DD	Market Commentary: RCN trades up to 56 but retreats to close unchanged at 51; Salton soars 5 points; Delta loses altitude
5/27/2004	BKDD	RCN files prepackaged Chapter 11, obtains $460 million loan commitment
5/26/2004	DD	Market Commentary: Salton 121/4s recover 2.5 points; RCN, Levi paper both better; Pegasus pegged 1.5-3 points lower
5/17/2004	DD	RCN extends forbearance agreements to June 1
5/4/2004	DD	Market Commentary: Calpine bank debt gyrates, bonds lower; RCN gets more time from lenders
5/3/2004	DD	RCN creditors agree to extend forbearance agreements to May 17
4/30/2004	DD	Market Commentary: Winn-Dixie numbers better than expected; Leap loans continue easing
4/29/2004	DD	Market Commentary: Leap is over for Leap Wireless loans; Levi up on Docker's buzz; Winn-Dixie off
4/28/2004	DD	Market Commentary: RCN bonds firm smartly; Leap Wireless bank debt up again
4/23/2004	DD	Market Commentary: Adelphia keeps gaining on sale prospects; Trico Marine continues fall
4/16/2004	DD	Market Commentary: Levi bonds continue rise; Weirton slides on choice of asset buyer
4/15/2004	DD	RCN defers April 15 payment on 10% senior notes, 11 1/8% senior notes
4/1/2004	DD	RCN gets extension of waivers until May 3
3/16/2004	DD	RCN gets new chief financial officer
3/16/2004	DD	Market Commentary: Trico Marine bonds lower; Adelphia bank debt retreats
3/15/2004	DD	RCN creditors extend forbearance agreements to April 1
3/12/2004	DD	RCN hires Blackstone as advisor
3/9/2004	BKDD	RCN completes sale, will pay down $62 million of bank debt
3/2/2004	DD	Market Commentary: UAL bonds continue to firm as loss narrows; RCN off slightly
3/1/2004	DD	RCN lenders, noteholders extend forbearance agreements until March 15
2/20/2004	DD	Market Commentary: Calpine debt gyrates as financing deal heard struggling; Parmalat firmer
2/19/2004	DD	Market Commentary: Revlon bonds softer after advance; RCN firms up
2/17/2004	DD	RCN gets forbearance from creditors, may file for Chapter 11
2/12/2004	DD	RCN retains AlixPartners, gets new chief operating officer
1/28/2004	DD	Market Commentary: Reliant, Adelphia bank debt draws interest, though bond action quiet
1/16/2004	DD	Market Commentary: Solutia gains on loan news, Fleming off in quiet dealings; loan auctions excite market
1/15/2004	DD	Market Commentary: Mirant settles in after run-up; RCN mulls skipping coupon
1/15/2004	DDHY	RCN defers $10.3 million interest payment, negotiations continue
1/9/2004	DD	Market Commentary: Werner debt continues higher after call; Adelphia up; Parmalat sinks back
12/2/2003	BKCVDDHY	Moody's cuts RCN liquidity rating to SGL-4
11/12/2003	DDHY	RCN says restructuring may lead to exchange of "significant" amounts of notes, preferreds for stock
10/7/2003	DDHY	RCN starts preliminary talks with note, preferred holders on debt restructuring
10/2/2003	DD	Market Commentary: AK Steel weakens further on third-quarter guidance; Adelphia, HealthSouth active; airlines firmer
10/1/2003	DD	Market Commentary: Air Canada sustains weakness; AK Steel down; Adelphia, cable sector active
8/19/2003	DDHY	RCN says holders tender $75.2 million senior notes
8/8/2003	DDHY	RCN extends tender for up to $290 million senior notes
7/14/2003	BKDDHY	Moody's cuts RCN's bank debt
7/10/2003	DDHY	RCN starts tender for up to $290 million senior notes
6/9/2003	BKDDHY	RCN obtains $41.5 million loan to retire notes

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