- Language: English
- 108 Pages
- Published: January 2012
- Region: China
Compass Group Diversified Holdings' Proposed $500M Financing Rated; 'BB-' Rating Affirmed; Outlook Stable Oct 11
- Published: October 2011
- Standard & Poors
Compass Group Diversified Holdings LLC has proposed a $225 million senior secured term loan B and $275 million revolver, with proceeds to be used to refinance existing debt and for potential future acquisitions. We are assigning the credit facilities our 'BB-' issue-level rating with a recovery rating of '3'. At the same time, we are affirming our ratings, including our 'BB-' corporate credit rating, on Compass. The stable rating outlook reflects our expectation that the company will maintain moderate debt leverage over the intermediate term. NEW YORK (Standard & Poor's) Oct. 3, 2011--Standard & Poor's Ratings Services said today it affirmed its ratings, including our 'BB-' corporate credit rating, on Westport, Conn.-based Compass Group Diversified Holdings LLC (Compass). The rating...
Companies mentioned in this report are: Compass Group Diversified Holdings LLC
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Compass Group Diversified Holdings LLC