E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for SWF Holdings I Corp. > News item
Published on 9/13/2021 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P rates SWF notes CCC

S&P said it assigned its CCC issue-level rating to SWF Holdings I Corp.'s planned $625 million of senior unsecured notes due 2029. The 6 recovery rating indicates an expectation of negligible (0%-10%, rounded estimate: 0%) recovery in default.

The company plans to use the proceeds, $1.625 billion of term loans launched on Sept. 7 and equity contributions to fund Clearlake Capital Group LP's leveraged buyout of SIWF Holdings (Springs Window Fashions).


© 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.