E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers E > Headlines for Enstar Finance LLC > News item
Published on 8/19/2020 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch rates Enstar Finance notes BB+

Fitch Ratings said it assigned a BB+ rating to the $350 million of 5¾% fixed-rate reset junior subordinated notes due 2040 issuance by Enstar Finance LLC, a wholly owned subsidiary of Enstar Group Ltd. Enstar Group will guarantee the notes on a junior subordinated basis.

The company intends to use the proceeds to repay about $350 million of borrowings under its term loan facility, with any remaining proceeds for general corporate purposes, including, but not limited to, funding for acquisitions, working capital and other business opportunities.


© 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.