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Prospect News home > News index > List of issuers W > Headlines for Weekley Finance Corp. > News item
Published on 9/9/2020 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P rates Weekley Homes notes BB-

S&P said it assigned its BB- rating and 3 recovery rating to Weekley Homes LLC and Weekley Finance Corp.’s planned $400 million of senior unsecured notes due 2030. The 3 recovery rating indicates an expectation of meaningful (50%-70%; rounded estimate: 65%) recovery in the event of default.

Proceeds and cash on hand are expected to be used to fully redeem the senior notes due 2023 and 2025.


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