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Published on 11/12/2019 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates Univar loan BB+, notes BB

Fitch Ratings said it assigned BB+/RR1 ratings to Univar Solutions Inc.’s new senior secured dollar-denominated term loan B-5 and BB/RR4 ratings to its senior unsecured notes.

Univar plans to use proceeds to repay its existing euro term loan B-2 due 2024 and senior notes due 2023.

Univar’s long-term issuer default rating is BB and the outlook is positive.


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