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Prospect News home > News index > List of issuers E > Headlines for Encore Medical Corp. > News item
Published on 7/7/2006 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P puts Encore Medical on watch

Standard & Poor's said it placed its ratings on Encore Medical Corp. and subsidiary Encore Medical IHC Inc., including the B corporate credit rating, on CreditWatch with negative implications.

The agency said that the CreditWatch placement follows Encore's announcement that it had entered into a definitive merger agreement with a company formed and controlled by Blackstone Capital Partners V LP.

S&P added it assumes that the company's debt obligation after the transaction will be greater than the company's current obligation of $342 million.


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