Radiate Holdco LLC#s $300 Million Senior Unsecured Notes Assigned #CCC+# Issue Rating (Recovery Rating: 6)

Stocks and Financial Services Press Releases Friday January 12, 2018 08:52
NEW YORK--12 Jan--S&P Global Ratings

NEW YORK (S&P Global Ratings) Jan. 11, 2018--S&P Global Ratings today assigned its 'CCC+' issue-level rating and '6' recovery rating to Radiate Holdco LLC's proposed $300 million unsecured notes. The '6' recovery rating indicates our expectation of minimal (0%-10%; rounded estimate: 0%) recovery in a simulated default scenario. Proceeds will be used to fund the previously announced acquisition of WaveDivision Holdings, which is expected to close in the coming weeks.

This does not affect our 'B' corporate credit rating, as this financing was incorporated into our recent affirmation of the rating. For a complete analysis, please see our research update Radiate Holdco LLC 'B' Ratings Affirmed On Its Acquisition Of WaveDivision Holdings, published Oct. 30, 2017.

Latest Press Release

Photo Release: Bangkok Bank presented prizes to Be1st debit cardholders to enjoy a trip to London and watch a Chelsea football match

Bangkok Bank Executive Vice President Pochanee Kongkalai (5th from left) Senior Vice President Debit Card Consumer Banking Sudrutai Thongsong (4th from left) and Vice President, Credit Card Division Mayuree Tantibhana (5th from right) presented prizes...

TRIS Rating Affirms Company Rating of PHATRA at A- and Revises Outlook to Positive from Stable

TRIS Rating affirms the company rating of Phatra Securities PLC (PHATRA) at "A-". The rating reflects PHATRA's status as a core subsidiary of the ultimate parent company, Kiatnakin Bank PLC (KK, rated "A-/Positive" by TRIS Rating), with a strong profit...

Archipelago International Signs Letter of Intent with NWP Retail to Develop 14 New Hotels Across Indonesia

Archipelago International , a leading Indonesia-based hospitality management company today announced it has signed a letter of intent with NWP Retail to develop 14 hotel projects in prime locations across Indonesia under three of the company's signature...

Driver Australia Five Trust ABS Assigned Ratings

MELBOURNE (S&P Global Ratings) April 26, 2018--S&P Global Ratings today assigned its ratings to two classes of asset-backed securities (ABS) issued by Perpetual Corporate Trust Ltd. as trustee of Driver Australia five Trust (see list). The notes...

Maryland Transportation Authority 2012C Revenue Bond Rating Reinstated

CENTENNIAL (S&P Global Ratings) April 25, 2018--S&P Global Ratings corrected by reinstating its 'AA+/A-1+' rating, based on the application of joint criteria, and its 'A+' underlying rating on Maryland Transportation Authority's variable-rate...

Related Topics