| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for EA Partners II BV > News item |
Fitch: EA Partners notes B-
Fitch Ratings said it assigned a final senior secured rating of B- to EA Partners II BV’s $500 million 6¾% notes due 2021 with a recovery rating of RR4.
The outlook is stable.
EA Partners II will on-lend the proceeds from the issue to respective obligors, Fitch said.
These notes are secured over assets that represent senior unsecured claims to the respective obligors, the agency explained.
The rating reflects a view of the credit profiles of the obligors and is constrained at B- by the obligors of the weakest credit quality, Fitch added.
EA Partners II B.V. is a private company with limited liability established solely for the purpose of this transaction, and whose sole shareholder is a foundation.
The proceeds represent separate debt obligations of six obligors, including Etihad Airways PJSC (17.8% of the issue), Air Berlin plc (19.9%), Alitalia Societa Aerea Italiana SpA (19.9%), Air Serbia, ad, Belgrade (12.6% of the issue), Air Seychelles Ltd. (10.0%) and Etihad Airport Services LLC (19.8%).
© 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.