Fitch rates Intrum notes BB

Fitch Ratings said it assigned Intrum AB’s €850 million 3% eight-year senior notes a final rating of BB. The rating is the same as that assigned to the previously proposed €750 million of eight-year notes.

The proceeds will be used to refinance an equivalent of 50% of €1.5 billion notes due in 2022.

“Fitch does not expect the transaction to impact Intrum’s leverage ratios, but recognizes the positive impact on the company's debt maturity profile, with around 15% of Intrum’s total debt shifting to longer-dated maturities,” said the agency in a press release.

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