S&P assigns OXEA, notes B+, loan BB

Standard & Poor's said it assigned its B+ corporate credit rating to OXEA Sarl.

The outlook is stable.

At the same time, the agency said it assigned a B+ issue rating to the proposed €500 million equivalent of senior secured notes to be issued by OXEA Finance & Cy SCA.

The agency added that it assigned a recovery rating of 4 to the proposed notes.

In addition, the agency said it assigned a BB issue rating to the new €104 million committed super senior revolving credit and guarantee facilities being put in place by OXEA.

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