Fitch gives Unique Bidco B, loan B+

Fitch Ratings said it gave Unique Bidco AB (Optigroup) a long-term issuer default rating of B and B+/RR3 ratings to its €515 million term loan due March 2029 and €60 million floating-rate revolving credit facility due September 2028

“The rating of Optigroup balances its expected high leverage with a solid business profile. It has leading market positions in the fragmented business essentials distribution market, with limited geographic, product, customer and supplier concentration. Its exposure to the declining paper segment is mitigated by an increased focus on growing packaging, cleaning and personal protective equipment end markets,” Fitch said in a press release.

The outlook is stable.

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