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Prospect News home > News index > List of issuers F > Headlines for Freescale Semiconductor, Inc. > News item |
Fitch: Freescale notes at B-
Fitch Ratings said it rated Freescale Semiconductor Holdings I, Ltd.'s $500 million of senior secured notes offering B-/RR3.
Fitch said that it rates Freescale as follows: issuer default rating at CCC; senior secured bank revolving credit facility at B-/RR3; existing senior secured term loans at B-/RR3; senior secured notes at B-/RR3; senior unsecured notes at C/RR6; and senior subordinated notes at C/RR6.
The outlook is positive.
The agency added that Freescale is seeking lender consent to amend the senior secured credit agreement and enter into $500 million of senior secured term loans.
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