E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers D > Headlines for Doosan Bobcat Inc. > News item
Published on 5/4/2021 in the Prospect News Bank Loan Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

S&P rates Doosan Bobcat loan BB

S&P said it rated Doosan Bobcat Inc.’s planned $500 million senior secured term loan BB.

The agency said it also lowered the long-term issue rating on its senior secured term loan due in 2024 and senior secured notes due in 2025 to BB from BB+ in view of its incremental debt.

Doosan Bobcat will use the loan to help pay for its acquisition of Doosan Corp.’s forklift business for an estimated $650 million - $700 million.

The outlook is negative.


© 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.