Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenable Inc. > News item |
S&P gives Tenable, loan B+
S&P said it gave B+ ratings to Tenable Holdings Inc. and its planned $350 million first-lien term loan to be issued by subsidiary Tenable Inc. The loan’s recovery rating is 3.
“We expect Tenable to have elevated leverage in 2021, but expect leverage to improve over time as revenues grow and as the company's EBITDA margins expand. Despite high starting leverage Tenable displays favorable competitive and cash flow characteristics,” S&P said in a press release.
Loan proceeds are expected to initially go toward cash on the company's balance sheet to fund future acquisitions and for general corporate purposes.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.