| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Avantor Funding Inc. > News item |
Fitch rates Avantor loan, notes BB+
Fitch Ratings said it assigned BB+/RR1 ratings to Avantor Funding Inc.’s senior secured term loan and secured note issuance.
Proceeds are expected to be used to help fund the redemption of the €500 million of 4¾% secured notes due 2024 and the $1.5 billion of 6% secured notes due 2024.
Fitch said it expects the transaction to be leverage neutral. This transaction is expected to reduce overall cash interest expense and help extend the company’s maturity schedule beyond its 2024 maturity wall.
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.