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S&P puts Verallia on CreditWatch positive
S&P said it placed the ratings for Horizon Holdings I (Verallia) on CreditWatch with positive implications.
Verallia’s parent plans to conduct an initial public offering on Euronext Paris and use the proceeds to refinance Verallia’s senior secured debt facilities.
The company would replace the existing facilities with a new €1.5 billion term loan and €500 million revolver, Fitch said.
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