Concordia Healthcare Corp. T.CXR.R

RE:RE:CXRCN Bond Pricing Update

[SpankedOnPaper]

Sorry, forgot to post the chart from Distressions.com

March 20, 2017

CXRCN CONCORDIA INTL PRICING UPDATE  

 

Security	B Px		A Px	A YTW	A Spd	Amt Out	Payment Rank	Moody	Notes
CXRCN 9   22	71.500	–	72.500	17.438	1542.500	350MM	1st lien	B2
CXRCN 9½ 22	25.000	–	26.000	49.390	4737.665	790MM	Sr Unsecured	Caa3
CXRCN 7   23	20.000	–	22.000	46.111	4409.754	735MM	Sr Unsecured	Caa3

SpankedOnPaper wrote: Yeah, sorry that was from the 17th.  It got worse, now it looks like they won't be able to cover the  senior secured first-liens that were just issued in October.  When the Globe and Mail article was written they were at 79  ....  now 71.5 ...  ugh

Iattice wrote: CXRCN 7's  (23 paper) traded 20-22 cents on the dollar in bond trading today.  

The previous chart SpankedOnPaper posted today is outdated, and looks like it was from March 17th.

Longs can not say they were not warned.