S&P puts Lattice Semiconductor on developing watch

S&P said it placed its B rating on Lattice Semiconductor Corp., as well as the B rating on the company's senior secured debt, on CreditWatch with developing implications.

The CreditWatch listing means S&P could affirm, raise or lower the ratings following the close of the transaction.

“The CreditWatch placement follows the announcement that private equity firm Canyon Bridge has agreed to acquire Lattice Semiconductor for $1.3 billion,” said S&P credit analyst Minesh Shilotri in a news release.

© 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.