S&P assigns Cambrex, loans B, B-

S&P said it assigned B ratings to Cambrex Corp. and its first-lien credit facility. The facility consists of a $135 million first-lien revolving credit facility and an $875 million first-lien term loan.

The agency assigned a B- rating to Cambrex’s $250 million second-lien term loan.

Proceeds from the loans will be used to help fund Permira’s acquisition of the company for about $2.4 billion.

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.