Fitch rates SGL bonds B+

Fitch Ratings said it assigned SGL Group ApS' (formerly Skill BidCo Aps) planned senior secured callable euro-denominated floating rate bonds expected B+/RR3 ratings, with a waterfall analysis output percentage of 55%.

The ratings are aligned with the rating of SGL’s outstanding bonds, the agency said.

The bonds will be used to refinance part of SGL's $825 million of floating-rate notes due in 2028 and to finance further acquisitions in the near term.

The outlook is stable.

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