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Prospect News home > News index > List of issuers W > Headlines for Waste Recycling Group > News item
Published on 7/20/2006 in the Prospect News High Yield Daily.

Moody's puts WRG Finance on review

Moody's Investors Service said it placed the ratings of WRG Finance plc and its subsidiary, WRG Acquisitions plc, on review with direction uncertain following WRG Holdings' announcement that it has agreed to sell its waste-disposal business to Fomento de Construcciones y Contratas, SA for £1.4 billion.

On completion of the sale, WRG Finance and WRG Acquisitions intend to prepay all their outstanding debt - including the £200 million 9% senior notes due 2014 and the £300 million second-lien floating-rate notes due 2011.


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