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Prospect News home > News index > List of issuers N > Headlines for Newfold Digital Holdings Group, Inc. > News item |
Fitch rates Newfold Digital notes BB-
Fitch Ratings said it assigned BB-/RR2 ratings to Newfold Digital Holdings Group, Inc.'s offering of $500 million of senior secured notes due 2028.
The agency affirmed Newfold’s B issuer rating the BB-/RR2 ratings on the $275 million and $105 million first-lien secured revolving credit facilities and the $2.675 billion first-lien term loan and the CCC+/RR6 ratings on the $685 million of unsecured notes.
The company will use $400 million in proceeds to pay a dividend to the sponsors and the remaining $100 million to repay a portion of the 6% senior unsecured notes due 2029.
The outlook is stable.
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