The Fresh Market (TFM) Debt Trading 2.5% Lower
An issue of The Fresh Market Inc (NASDAQ:TFM) debt fell 2.5% as a percentage of its face value during trading on Wednesday. The high-yield issue of debt has a 9.75% coupon and will mature on May 1, 2023. The debt is now trading at $62.97 and was trading at $67.25 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.
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About The Fresh Market
The Fresh Market, Inc is a United States-based specialty grocery retailer. The Company focuses on perishable categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods. Its non-perishable categories include traditional grocery, frozen and dairy products, as well as bulk, coffee and candy, and beer and wine.
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