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Prospect News home > News index > List of issuers I > Headlines for Ineos Enterprises Holdings Ltd. > News item |
S&P rates Ineos Enterprises loan BB
S&P said it assigned a BB issue rating to the about €650 million-equivalent senior secured term loan, due 2030, to be issued by financial subsidiaries of Ineos Enterprises Holdings Ltd., Ineos Enterprises Holdings II Ltd. and Ineos Enterprises Holdings Us Finco LLC.
Ineos Enterprises will use the proceeds to refinance the €330 million-equivalent U.S. dollar tranche of its term loan B due in 2026. Also, the company is expected to use part of the proceeds to repay the drawn portion of its securitization facility of about €70 million.
The outlook is stable.
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