S&P rates UKG notes B-

S&P said it assigned B- issue-level and 3 recovery ratings to UKG Inc.'s expected $2.5 billion of senior secured notes maturing in February 2031.

“Our B- issuer credit rating and stable outlook on UKG are unchanged,” S&P said in a press release. On Jan. 22, the agency assigned the same ratings to the firm’s new revolver and seven-year term loan.

The proceeds will help repay the company’s term loan maturing in May 2026.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.