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Prospect News home > News index > List of issuers V > Headlines for Veeam Software Holding Ltd. > News item |
S&P gives B to Veeam loan
S&P said it assigned B issue-level and 2 recovery ratings (rounded estimate: 50%) to VS Holding I Inc.’s (Veeam Software Holding Ltd.) planned seven-year $1.96 billion term loan. The company also plans to upsize its revolver to $250 million and extend it to 2029.
Veeam plans to refinance its $1.203 billion term loan B and $746 million seller note with the new loan.
The outlook is stable.
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