An issue of Hot Topic, Inc. (NASDAQ:HOTT) debt rose 0.8% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 9.25% coupon and will mature on June 15, 2021. The debt is now trading at $99.25 and was trading at $99.00 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.
TRADEMARK VIOLATION WARNING: “Hot Topic (HOTT) Debt Trading 0.8% Higher” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/31/hot-topic-hott-debt-trading-0-8-higher.html.
About Hot Topic
Hot Topic, Inc, is a mall and Web-based specialty retailer of apparel, accessories, music and gift items for young men and women. The Company operates under two concepts: Hot Topic and Torrid. At its Hot Topic stores, it sells a selection of licensed and non-licensed apparel, accessories and gift items that are influenced by popular music artists and pop culture trends.
Receive News & Ratings for Hot Topic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hot Topic and related companies with MarketBeat.com's FREE daily email newsletter.