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Published on 3/25/2024 in the Prospect News High Yield Daily.

Fitch rates Jerrold FinCo 2030 notes BB

Fitch Ratings said it assigned Jerrold Finco plc's senior secured notes an expected BB rating.

The issuer is a unit of Together Financial Services Ltd., rated BB, which will guarantee the notes. The issue rating reflects Together’s issuer rating, Fitch said.

The issue will be used in conjunction with headroom under securitization funding lines to refinance Jerrold's £555 million of 2026 senior secured notes, also rated BB, and to pay transaction fees and redemption costs.

The outlook is stable.


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