| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Interline Brands, Inc. > News item |
S&P: Interline still on watch
Standard & Poor's said its ratings on Interline Brands Inc., including the BB corporate credit rating, remain on CreditWatch, where they were placed with negative implications on May 30.
The agency said the CreditWatch listing follows Interline's announcement that it had entered into a definitive agreement for affiliates of GS Capital Partners LP and P2 Capital Partners LLC to acquire the company in a leveraging transaction valued at approximately $1.1 billion, including the assumption of debt.
"The lower rating would reflect the company's weaker credit metrics following the increase in debt to support the acquisition," said S&P credit analyst Megan Johnston in a news 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.