Research Update: National Healing Corp. Assigned 'B' Corporate Credit Rating; Outlook Stable Dec 11
- ID: 2031368
- December 2011
- Standard & Poors
U.S.-based National Healing Corp., a provider of wound care services, acquired Wound Care Holdings LLC on Nov. 30, 2011. We are assigning our 'B' corporate credit rating to National Healing Corp. (NH). We are also assigning our 'B+' credit rating and '2' recovery rating to the company's $30 million first-lien revolving credit facility and $250 million first-lien term loan; we are assigning our 'CCC+' credit rating and '6' recovery rating to its $75 million second-lien term loan. The stable rating outlook reflects our expectation that the company's growth strategy and financial sponsor owners will keep adjusted debt leverage above 5x. On Dec. 13, 2011, Standard & Poor's Ratings Services assigned its 'B' corporate credit rating to Boca Raton, Fla.-based National...
Companies mentioned in this report are:
- Healogics Inc
Action: New Rating
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Product Type: Research Update
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