Weekly Trade Round Up

13 Aug 2008

The debt of SemGroup LP, which is currently sitting in Chapter 11 limbo, and its subsidiary SemCrude, stabilized this week as investors wait to see what the next step is for the company; The $3.6 billion “B” loan for The William Wrigley Jr. Co. broke for trading Tuesday, around par–100 1/4 and traded up to 100 1/2 by this afternoon and Atlantis Plastics loans were trading between 40 and 50 after the company simultaneously filed for Chapter 11 Sunday and announced the sale of two of its divisions.

Investors Await SemGroup’s Fate

The debt of SemGroup LP, which is currently sitting in Chapter 11 limbo, and its subsidiary SemCrude, stabilized this week as investors wait to see what the next step is for the company. SemCrude’s “B” loan was trading in the 80s after dropping to a ...

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