S&P assigns HAH add-on loan B-

S&P said it assigned B- issue-level and 3 recovery ratings to HAH Group Holding Co. LLC's planned $205 million incremental first-lien term loan maturing in October 2027.

The agency affirmed the B- and 3 ratings on HAH’s outstanding first-lien loans Oct. 21.

The company will use the proceeds and $150 million of common equity, to fund its acquisitions of two New York state home care providers, reduce its revolver borrowings and pay related fees and expenses.

HAH’s B- issuer credit rating and stable outlook are unchanged, S&P said.

© 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.