The "B" tranche paper for VoiceStream Wireless traded at 99 1/2. Nextel "D" paper traded up to 99 3/4. A longstanding rumor that Wyndham International is doing a bond deal continues to rear its head, buoying a $3 million trade at 99 3/8, dealers reported. A piece of Spectrasite's credit facility traded at 100 1/2 - 3/4.
On the distressed side, Owens Illinois' bank debt is trading up to the mid-80s range, with dealers attributing the rise in levels to the company refinancing its $4.5 billion facility. A $40 million piece of Owens Corning traded at 40.