S&P rates Omnia loans B

S&P said it assigned B issue-level and 3 recovery ratings to Omnia Partners Inc.’s planned $250 million revolver, $1.625 billion term loan and $155 million delayed-draw term loan. Omnia Partners LLC will borrow the loans.

The agency also affirmed Omnia’s B rating and assigned a B issuer rating to Omnia Partners LLC.

Omnia will use the loans to buy the non-health care GPO operations of Premier Inc. and refinance debt.

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.