Cameron International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BBB+' May 11
- ID: 1804509
- May 2011
- Region: Global
- Standard & Poors
NEW YORK (Standard & Poor's) May 25, 2011--Standard & Poor's Ratings Services said today it assigned its 'BBB+' rating to Cameron International Corp.'s proposed $500 million senior unsecured notes, which consist of two tranches due in 2021 and 2041. "Our analysis incorporates Cameron's plan to use part of the proceeds from the proposed notes offering to fund the company's tender offer for its 2.5% convertible senior notes due 2026," said Standard & Poor's credit analyst Patrick Lee. Houston-based Cameron International Corp. is a leading provider of flow and pressure control equipment to the worldwide oil, gas, and process industries. The 'BBB+' rating on Cameron reflects the company's solid competitive position as a large manufacturer and supplier of pressure control equipment...
Companies mentioned in this report are:
- Cameron International Corp.
Action: New Rating
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Research type: News
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