Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Berry Global Group Inc. > News item |
S&P gives Berry Global notes BBB-
S&P said it gave BBB- issue-level and 2 recovery ratings (rounded estimate: 70%) to Berry Global Inc.'s proposed first-priority senior secured notes due 2026.
Berry is expected to use about $500 million from the proceeds to reduce the debt on its term loans.
“We've left unchanged our BBB- issue-level and 2 recovery ratings on Berry's existing first-lien term loans. Our BB+ issuer credit rating and stable outlook on parent Berry Global Group Inc. are also unchanged,” S&P said in a press release.
© 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.