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Prospect News home > News index > List of issuers C > Headlines for ContourGlobal Power Holdings SA > News item
Published on 7/19/2018 in the Prospect News Bank Loan Daily, Prospect News Green Finance Daily and Prospect News High Yield Daily.

S&P gives BB to ContourGlobal notes

S&P said it assigned its BB issue-level and 2 recovery ratings to ContourGlobal Power Holdings SA's new €750 million senior secured notes.

This amount is spread across two tranches: a €450 million 3 3/8% tranche due 2023 and €300 million 4 1/8% tranche due 2025.

ContourGlobal will use the proceeds largely to refinance its 5 1/8% senior secured notes maturing in 2021 on more favorable terms.

ContourGlobal's outlook remains positive.


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