Fitch gives BB to UKG notes

Fitch Ratings said it assigned BB/RR2 (88%) ratings to UKG Inc.’s planned $2.5 billion of secured notes.

Last week, Fitch gave the company a B+ issuer default rating.

The proceeds, along with the $4.885 billion first-lien secured term loan, announced on Jan. 23, 2024, will be used to fully refinance the outstanding $7 billion first-lien term loan and outstanding revolving credit facility.

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.