- Language: English
- 1539 Pages
- Published: March 2012
- Region: Global
Consolidated Communications Holdings Inc. Term Loan B, Revolver Assigned 'B+' Ratings (Recovery Rating: 3) Jun 11
- Published: June 2011
- Standard & Poors
NEW YORK (Standard & Poor's) June 10, 2011--Standard & Poor's Ratings Services said today that it assigned its 'B+' issue-level rating and '3' recovery rating to Consolidated Communications Inc.'s new term loan B and revolving credit facility. The new term loan represents an extension of $409.1 million of the existing $880 million term loan B to a Dec. 31, 2017, maturity from the previous Dec. 31, 2014. The revolving credit represents the extension of $38.7 million of the existing $50 million revolving credit to a May 2016 maturity from the current Dec. 31, 2013 maturity. (See the updated recovery report, to be published shortly on RatingsDirect on the Global Credit Portal.) With the extension, the company also amended various terms...
Companies mentioned in this report are: Consolidated Communications Holdings 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 key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >
Consolidated Communications Holdings Inc.