Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eden Springs > News item |
Moody's rates Hydra Dutch notes B2
Moody's Investors Service said it assigned a B2 corporate family rating and a B1-PD probability of default rating to Hydra Dutch Holdings 2 BV, which is the parent holding company of Eden Springs.
Concurrently, the agency assigned a provisional B2 rating to €210 million senior secured floating-rate notes due 2019.
The outlook is stable.
About €50 million of the proceeds from the proposed transaction will be used to pay a dividend to shareholders. The remainder will be used to refinance existing debt facilities and pay fees and expenses relating to the transaction.
© 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.