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Medpace Inc. Assigned Preliminary 'B+' Ratings; Outlook Stable May 11 Product Image

Medpace Inc. Assigned Preliminary 'B+' Ratings; Outlook Stable May 11

  • Published: May 2011
  • Standard & Poors

Private equity firm CCMP Capital is acquiring 80.1% of Cincinnati-based contract research organization Medpace Inc. Medpace is entering into a $335 million senior secured credit facility consisting of a $50 million revolver due 2016 and a $285 million term loan due 2017. Medpace will be initially leveraged at 4.6x. Standard & Poor's is assigning a preliminary 'B+' corporate credit rating to Medpace and a preliminary 'B+' senior secured debt and a preliminary '4' recovery rating to the company's credit facility. The stable outlook reflects our belief that Medpace will benefit from the improving trends in the contract research industry. TORONTO (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services said today it assigned its preliminary 'B+' corporate credit rating...

Companies mentioned in this report are: Medpace Inc.
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify READ MORE >

Medpace Inc.

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