Fitch to rate Harbinger notes B/RR4

Fitch Ratings said it expects to assign a rating of B/RR4 to Harbinger Group, Inc.'s proposed $200 million senior unsecured note issuance.

The notes are expected to have the same terms of the company's existing unsecured debt.

The proposed debt issuance does not affect Harbinger's existing long-term issuer default rating of B or positive outlook. The resulting change in the parent company leverage and coverage ratios is within Fitch's expectations.

Harbinger plans to use the proceeds from the proposed issuance for general corporate purposes, including financing future acquisitions by Harbinger or its subsidiaries and/or share repurchases.

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