| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sesac > News item |
S&P rates Sesac loans BB-, CCC+
Standard & Poor's said it assigned a preliminary B corporate credit rating to Sesac Holdco II LLC.
The outlook is stable.
At the same time, S&P assigned a preliminary BB- issue-level rating to the company's proposed $15 million senior secured revolving credit facility due 2018 and $220 million senior secured first-lien term loan due 2019.
The agency also assigned a preliminary CCC+ issue-level rating the $105 million second-lien term loan due 2019.
"Standard & Poor's Ratings Services' rating and outlook reflect our expectation that leverage, although likely to decline, will remain high following the recent leveraged buyout by Rizvi Traverse," S&P credit analyst Chris Valentine said 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.