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S&P gives Howden loan B
S&P said it gave B issue and 3 recovery ratings to Howden Group Holdings Ltd.’s planned $550 million senior secured term loan.
Concurrently, the agency affirmed the B long-term issuer credit rating on Howden and its financing subsidiaries HIG Finance 2 Ltd. and Hyperion Refinance Sarl and B issue ratings and 3 recovery ratings on the group's first-lien term loans.
The agency will use the proceeds to help fund the acquisition of Aston Lark.
The outlook is stable.
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