Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Ecotone HoldCo III SAS > News item |
S&P rates Ecotone B
S&P said it assigned B ratings to Ecotone HoldCo III SAS and its term loan, including the planned 100 million add-on. The company also plans to secure 85 million of new payment-in-kind debt and will use 11 million of available cash to partly repay shareholder instruments.
The new debt will likely mean the capital structure remains highly leveraged, and we estimate S&P Global Ratings-adjusted debt to EBITDA of about 8.5x in 2021, improving to about 7x-7.5x in 2022, the agency said in a press release.
The outlook is stable.
© 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.