S&P gives IHS Netherlands’ notes B+

S&P said it assigned a B+ rating to IHS Netherlands Holdco BV’s proposed sale of senior unsecured notes.

IHS Netherlands plans to raise $1.8 billion in U.S. and Nigerian naira though five-year term loans and notes.

Proceeds will be used repay debt, including $800 million of senior unsecured notes due 2021, return extra cash to its parent IHS Holding and extend and spread maturities and cut borrowing costs, the agency said.

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