This article appears courtesy of Institutional Investor
Source: Credit Investment News
K.M.
Mirant’s bonds traded up 10 points on an upbeat view of the company’s performance post-bankruptcy and speculation it could be an acquisition target. Its 2.5% ’21 bonds climbed to the 110-111 range, while its 5.75% ’07 bonds rose to 122. Mirant’s loans also traded up. Its ’03 revolving credit jumped six points to 117.
Investors’ positive view of the company and the energy sector as a whole came after news of NRG’s planned acquisition of Texas Genco in a deal valued at $5.8
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