Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kobe US Midco 2, Inc. > News item |
Fitch rates Aruba loan BB-
Fitch Ratings said it rated Aruba Investments Inc.’s planned $125 million senior secured term loan BB-/RR2.
Concurrently, the agency affirmed Aruba’s first-lien senior secured revolver and term loans at BB-/RR2, its second-lien term loan at CCC+/RR6 and long-term issuer default rating at B. Fitch also affirmed the B- IDR of Kobe US Midco 2, Inc., and the CCC/RR6 ratings on the PIK toggle notes.
The loan proceeds will, among other uses, fund a strategic acquisition.
The outlook remains 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.