S&P gives Seqens add-on loan B

S&P said it assigned affirmed its B ratings on Sirona Holdco (Sequens) and its €830 million senior secured and rated the planned €100 million senior secured term loan add-on in line with the existing senior secured debt.

The company plans to use the proceeds to repay in full its €87 million outstanding revolving credit facility and the associated transaction costs.

S&P said it considers the loan leverage neutral.

The outlook is stable.

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