Fitch rates Victra loan B+

Fitch Ratings said it assigned LSF9 Atlantis Holdings, LLC (Victra) and Victra Finance Corp.'s proposed $600 million secured term loan B+/RR3 rating and affirmed its ratings, including LSF9's long-term issuer default rating at B. The agency revised the outlook to positive from stable.

The proceeds will be used to finance the company's acquisition of Verizon authorized retailer Go Wireless, Inc.

“The positive outlook reflects the company's improving operating trajectory, which, in combination with achievement of synergies and debt reduction following the GoWireless acquisition, could yield adjusted leverage declining below 5.5x,” Fitch said in a press 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.