| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for TreeHouse Foods, Inc. > News item |
S&P rates TreeHouse facilities BB+
S&P said it assigned its BB+ issue-level and 1 recovery ratings to TreeHouse Foods Inc.'s planned $750 million senior secured revolving credit facility due 2026, $930 million term loan A-1 due in 2026 and $500 million term loan A due in 2028.
The BB+ rating is consistent with TreeHouse’s outstanding senior secured bank debt.
The company intends to use the proceeds, along with balance sheet cash and some temporary revolver borrowings, to refinance its senior secured credit facilities, repay its 2024 senior notes and pay for fees and expenses. S&P said it will withdraw the ratings once the debt is repaid.
“All of our other ratings on TreeHouse, including our BB- issuer credit rating and stable outlook, are unaffected by this transaction, which we expect will be mostly neutral for net leverage,” S&P said in a press release.
© 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.