S&P gives B+ to Verisure notes

S&P said it assigned its B+ issue rating to the €300 million senior secured notes to be issued by Verisure Holding AB (B+/stable/). The recovery rating on the proposed notes is 3, indicating an expectation of meaningful recovery (rounded estimate 65%) of principal in the event of default.

S&P said the proposed notes are part of the leverage neutral refinancing transaction Verisure launched on April 24 to address its 2026 debt maturities.

The company plans to use the proceeds from these notes and from the previously announced proposed term loan to refinance its existing €800 million term loan maturing in 2026 and the €200 million of drawings on its revolving credit facility.

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