Global Crossing's debt ticked up last week after the company received court approval for its plan to emerge from bankruptcy. Traders said the name changed hands as high as 19 early last week and by week's end the company's "B" piece was quoted in the 19-20 range. The name has been moving up from the mid-teens over the last month. Global Crossing plans to emerge from bankruptcy in early 2003. Calls to Dan Cohrs, cfo, were referred to a spokeswoman, who referred questions to court documents and releases.
December 22, 2002