Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Elan Corp. plc > News item |
S&P rates Elan notes B
Standard & Poor's said it affirmed the B issue-level and 3 recovery ratings on Elan Finance plc's 8¾% senior unsecured notes due 2016, privately placed in reliance on Rule 144A, following the company's $200 million add-on.
Elan has increased its outstanding $625 million 8¾% senior unsecured notes due 2016 to $825 million.
The corporate credit rating on parent Elan Corp. plc is B.
The outlook is positive.
S&P said the corporate rating reflects the company's critical dependence on sales of its multiple sclerosis treatment.
© 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.