S&P rates MHP notes B

S&P said it assigned a B rating to MHP SE’s proposed senior unsecured notes.

“We consider MHP’s proposed debt issuance as positive for the debt maturity profile and the liquidity position, as it eliminates the level of short-term debt in the capital structure,” said S&P in a press release.

S&P said it expects the offering to be in the $300 million to $350 million range and that proceeds will be used to repay short-term debt.

The agency affirmed the company’s long-term issuer and issue ratings of B.

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.