Mirant Corp.'s '03 revolver has climbed 16 points to the 67-68 context since last June. "People are expecting a reorganization and it's cheap," one trader said. Meanwhile, the company's MAGI has moved to the 97 1/4-98 1/4 range from the 71-74 context in the same time period. Mirant's $1.125 billion revolver is led by Credit Suisse First Boston. A Mirant spokesman did not return calls.