S&P: Owens & Minor notes BBB

Standard & Poor’s said it assigned a BBB senior unsecured debt rating to Owens & Minor Inc.’s $250 million senior unsecured notes due 2021 and $300 million senior unsecured notes due 2024.

The agency also said it affirmed the BBB long-term corporate credit rating on the company.

The outlook is stable.

The agency said it believes the company is likely to continue to make moderate-sized acquisitions to achieve meaningful growth, but leverage will likely remain in the 2.0x or less range.

The stable outlook reflects an expectation that the company will extend its stable operating trends and sustain adjusted leverage below 2x, despite industry headwinds, S&P said.

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