Fitch rates Nets B+, loans BB/RR2

Fitch Ratings said it assigned Evergood 4 APS (Nets) an expected long-term issuer default rating of B+(EXP) with a stable outlook.

The rating reflects the proposed transaction by Hellman & Friedman LLC to acquire Nets A/S and the subsequent issue of debt to finance this transaction.

The tender offer is still outstanding and this rating is subject to the completion of the acquisition process.

Fitch also assigned an instrument rating of BB(EXP)/RR2 to the company's proposed new senior secured loans.

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