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Prospect News home > News index > List of issuers F > Headlines for FR BR Holdings  > News item
Published on 12/15/2023 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

S&P lowers FR BR

S&P said it lowered its ratings on FR BR Holdings LLC and its senior secured term loan to D from CCC-.

“The downgrade reflects FR BR's failure to fully pay interest due Nov. 22, 2023, as well as interest and principal payments of term loan B due Dec. 14, 2023,” S&P said in a press release.

FR BR entered into a forbearance agreement and is in talks with its lenders to refinance its debt, the agency said.


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