S&P rates Cyxtera DC DIP B+

S&P said it assigned a B+ rating to Cyxtera DC Holdings Inc.’s $200 million debtor-in-possession term loan.

Cyxtera voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code on June 4.

“Our B+ DIP issue-level rating on Cyxtera's DIP term loan reflects our view of the credit risk borne by the DIP lenders,” S&P said in a press release.

The rating is a point-in-time rating effective only for the date of this report. “We will not review, modify, or provide ongoing surveillance,” the agency noted.

© 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.