Moody’s gives Assemblin tap B2

Moody’s Investors Service said it gave a B2 rating to Assemblin Financing AB’s planned €100 million tap to its senior secured notes due in 2025 and affirmed the B2 ratings on the company and its €250 million senior secured notes due 2025.

“The rating affirmations follow Assemblin’s announcement that it intends to fund the purchase price for the Fidelix Holding Oy (Fidelix, unrated) acquisition and additional liquidity through a €100 million upsizing of the existing €250 million senior secured notes and €20 million equity contribution from the sponsor,” Moody’s said in a press release.

The outlook remains stable.

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