| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Edgewell Personal Care Co. > News item |
S&P rates Edgewell notes BB
S&P said it assigned a BB rating with a 3 recovery rating to Edgewell Personal Care Co.’s $600 million of eight-year senior unsecured notes, the proceeds of which will be used to refinance its $600 million senior unsecured notes due 2021.
The 3 recovery rating indicates S&P’s estimate for meaningful recovery (50%-70%; rounded estimate: 65%) in the event of a payment default.
“We view this as a leverage-neutral transaction,” S&P said in a press release.
S&P also affirmed the BB ratings on Edgewell and its senior unsecured notes.
The outlook is stable.
© 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.