Hayes Lemmerz' bank debt traded down to the 75 range, a six point drop in a week, following a conference call by the company. Wyndham International's "B" paper is trading around 80. Dealers reported better occupancy rates and recovering optimism on some hotel credits. Wyndham, which had traded in the high 99 range before Sept. 11, dropped to the low 80s shortly after the attack. In par news, Charter Communications' bank debt traded up last week to 97 3/8 from a previous level of 95 3/4. Triad Hospitals' paper is trading at 100 3/8, and its strength is attributed to a defensive health care sector. Dealers reported about $10 million changed hands. Nextel Communications' paper is bid at 85, but no trades have been reported.
Hayes Lemmerz Softens, Wyndham Picks Up Speed