Moody’s rates Wittur loans

Moody’s Investors Service said it assigned new instrument ratings to Wittur International Holding GmbH’s proposed new debt facilities, including B2 ratings to a proposed €530 million senior secured first-lien term loan B and €90 million senior secured first-lien revolving credit facility, maturing 2026, and a Caa2 rating to a proposed €240 million senior secured second-lien term loan, maturing 2027, issued by Wittur Holding GmbH, a direct subsidiary.

Proceeds will be used to repay all of the company’s debt.

The agency also affirmed Wittur’s corporate family rating of B3.

The outlook is stable.

© 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.