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S&P assigns IHS notes B
S&P said it assigned a B rating to IHS Holding Ltd.’s planned senior unsecured notes, to be issued by IHS Netherlands BV and guaranteed by IHS.
IHS will use the proceeds to redeem $510 million of notes maturing 2025 and cover the associated redemption premium and transaction expenses of about $40 million.
Concurrently, the agency said it affirmed IHS’ B issuer rating.
The outlook is stable.
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