| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Fullbeauty Brands Inc. > News item |
S&P affirms Fullbeauty after add-on
Standard & Poor’s said it affirmed the B corporate credit rating on Fullbeauty Brands Inc.
The outlook is stable.
The company plans a $160 million add-on to its existing first-lien term loan due 2021 and a $20 million add-on to the existing second-lien term loan due 2021.
S&P also said it affirmed the B rating and 3 recovery rating on the company’s $160 million add-on to its existing first-lien term loan due 2021.
The 3 recovery rating indicates 50% to 70% expected default recovery.
The agency said it affirmed the CCC+ rating and 6 recovery rating on the $20 million add-on to the existing second-lien term loan due 2021. The 6 recovery rating indicates 0 to 10% expected default recovery.
The ratings reflect an expectation that Fullbeauty will maintain its credit metrics at or close to current levels, S&P said.
© 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.