S&P rates WOM notes B+

S&P said it rated WOM SA’s planned senior unsecured notes a B+ rating. WOM plans to sell $300 million to $450 million of notes through its Kenbourne Invest SA.

WOM plans to use the proceeds to finance spectrum investment and possibly refinance a syndicated loan.

S&P also affirmed WOM’s B+ issuer rating.

The outlook is stable.

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