Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Action Holding BV > News item |
Moody’s rates Peer Holding loan B1
Moody's Investors Service said it assigned a B1 rating (LGD4) to a €475 million new senior secured term loan B tranche maturing in 2022 proposed under the credit facilities agreement of Peer Holding BV (Action Holding BV).
Concurrently, the agency affirmed the B1 corporate family rating, the B1 (LGD4) ratings on existing senior secured bank debt and the B1-PD probability of default rating.
The outlook is stable.
Proceeds from the new term loan will be used alongside roughly €35 million of cash to pay a dividend of about €500 million to Peer Holding’s shareholders and related transaction costs. The transaction represents the fourth dividend recapitalization since the company was acquired by 3i Group and funds advised by 3i in 2011.
© 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.