Saturday January 20, 2018 19:45

ACQUISITION Press Releases

KPEX Holdings Inc. Ratings Affirmed On Acquisition By AEA Investors L.P., Outlook New Debt Stcoks—19 Jan 18

NEW YORK (S&P Global Ratings) Jan. 18, 2018--S&P Global Ratings today affirmed its 'B' corporate credit rating on KPEX Holdings Inc. The outlook is stable. At the same time, we assigned our 'B' issue-level rating to the company's $45 million

SSC Technologies Inc. #BB# Rating Placed On CreditWatch Negative On Increased Leverage From DST Stcoks—17 Jan 18

SAN FRANCISCO (S&P Global Ratings) Jan. 16, 2018--S&P Global Ratings today placed its 'BB' corporate credit rating on Windsor, Conn.-based SS&C Technologies Inc. on CreditWatch with negative implications. The CreditWatch placement follows

AC OCEAN WALK Announces Acquisition of Atlantic City#s Revel Hotel and Lifestyle—09 Jan 18

AC OCEAN WALK announced today that it acquired the former Revel Casino Hotel in Atlantic City for $200 million. The property will be re-branded as the Ocean Resort Casino, giving a nod to the property's location on 20 acres along the famed Atlantic City

Centinel Spine Completes Acquisition of prodisc Assets General—25 Dec 17

Centinel Spine, LLC (CS) is pleased to announce the acquisition of the worldwide assets of the prodisc(R) Total Disc Replacement portfolio from DePuy Synthes Products, Inc. The prodisc line of products are total disc replacement (TDR) products with the

Cogeco Communications (USA) Inc. Affirmed At #BB-#; Financial Risk Profile Revised To Highly Stcoks—22 Dec 17

- U.S. cable operator Cogeco Communications (USA) Inc.'s performance has been in line with expectations. We expect pro forma leverage will be about 6.5x following the close of the acquisition of the Metrocast assets in January 2018. - We are affirming

PrimeLine Utility Services LLC Ratings Placed On CreditWatch Positive On Acquisition By VINCI Stcoks—22 Dec 17

- VINCI Energies, a subsidiary of VINCI S.A., announced that it has agreed to acquire U.S.-based PrimeLine Utility Services LLC. - Therefore, we are placing all of our ratings on PrimeLine on CreditWatch with positive implications. - The CreditWatch

CareCore National LLC Rating Raised And Then Withdrawn Following Acquisition Stcoks—22 Dec 17

- U.S.-based PBM ESRX has completed its acquisition of medical benefits manager CareCore National LLC. - We are raising our issuer credit rating on CareCore to 'BB' from 'B' and removing it from CreditWatch; the outlook is stable. - We are subsequently

Owens Minor Inc. #BBB-# Rating Remains On CreditWatch Negative On Planned Acquisition And Stcoks—21 Dec 17

NEW YORK (S&P Global Ratings) Dec. 20, 2017--S&P Global Ratings today said its ratings on Owens & Minor Inc., including the 'BBB-' corporate credit rating, remain on CreditWatch with negative implications, pending the planned acquisition of

TEGNA Inc. Outlook Revised To Negative From Stable On Acquisition #BB+# Rating Stcoks—21 Dec 17

- McLean, Va.–based TEGNA Inc. has announced a definitive agreement to acquire various assets from Midwest Television Inc., including KFMB-TV, for $325 million. The company plans to fund the acquisition with cash on hand and borrowing under its

Fitch Places ThaiBev on Rating Watch Negative Following Sabeco Acquisition Stcoks—20 Dec 17

Fitch Ratings (Thailand) Limited has placed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB' and National Long-Term Rating of 'AA+(tha)' on Rating Watch Negative (RWN) after the company

Tabcorp Holdings Ltd. #BBB-# Ratings Affirmed Following Acquisition Of Tatts Group Ltd.; Outlook Stcoks—14 Dec 17

MELBOURNE (S&P Global Ratings) Dec. 14, 2017--S&P Global Ratings said today that it had affirmed its 'BBB-' ratings on Australia-based wagering company Tabcorp Holdings Ltd. and its associated debt issues. The outlook on the rating remains

FR Dixie Acquisition Corp. Downgraded To #CCC# From #CCC+# On Weakened Liquidity, Outlook Debt Stcoks—12 Dec 17

NEW YORK (S&P Global Ratings) Dec. 11, 2017--S&P Global Ratings today lowered its corporate credit rating on FR Dixie Acquisition Corp. to 'CCC' from 'CCC+'. The outlook is negative. At the same time, we lowered our issue-level ratings on the

Surbana Jurong Group strengthens high-end urban capabilities with acquisition of Robert Bird Properties—30 Nov 17

Surbana Jurong Private Limited (Surbana Jurong) announced today that it has entered into a Sales and Purchase Agreement for the acquisition of 100% interest of the Robert Bird Group (RBG). The acquisition is expected to be completed by early December,

Aristocrat Leisure Ltd. #BB+# Ratings Affirmed After Big Fish Games Inc. A Outlook Remains Stcoks—01 Dec 17

- Aristocrat Leisure Ltd. has entered into a binding agreement to acquire 100% of Big Fish Games Inc. for US$990 million (A$1,320 million). - Although the company will largely fund the acquisition with debt, its leverage will remain within our tolerances

WIRB-Copernicus Group Acquires Vigilare International Heathcare—29 Nov 17

WIRB Copernicus Group(R) (WCG(TM)), the world's leading provider of solutions that measurably improve the quality and efficiency of clinical research, today announced its acquisition of Vigilare International, the top provider of integrated, end-to-end

Sundial Group LLC Ratings Placed On CreditWatch Positive On Planned Acquisition By Stcoks—29 Nov 17

NEW YORK (S&P Global Ratings) Nov. 28, 2017--S&P Global Ratings today placed its 'B-' corporate credit rating on Amityville, N.Y.-based Sundial Group LLC on CreditWatch with positive implications. In addition, we placed our 'B-' issue-level

Henkel to acquire North American Hair Professional business of Shiseido Stcoks—14 Nov 17

Henkel signed an agreement to acquire Zotos International Inc., the North American Hair Professional business of Shiseido Company, Limited for 485 million US dollars. The acquisition comprises leading hair professional brands such as Joico and Zotos

VGI to Buy Stake in M#sian OOH Ad Firm to Enhance Asean Presence Stcoks—27 Nov 17

VGI's executive board approved a proposed acquisition of 4,281,277 shares (par value: MYR 1), or 25% of the issued shares, in Puncak Berlian Sdn Bhd (or PBSB), an OOH ad firm in Malaysia, in the company's latest move to increase its presence in the Asean

IndiGrid#s Unitholders Unanimously Approve Acquisition Stcoks—23 Nov 17

IndiGrid, India's first Infrastructure Investment Trust (InvIT) in the power sector, held its first Extraordinary General Meeting (EGM) on November 20, 2017 in Mumbai. The unitholders voted for the acquisition of RAPP Transmission Company Limited (RTCL),

Gypsum Management Supply Inc. Upgraded To #BB-# On Reduced Leverage And Financial Sponsor Outlook Stcoks—22 Nov 17

- U.S. based distributor Gypsum Management & Supply Inc. has improved adjusted debt leverage to 3.4x by July 31, 2017, despite nine bolt-on acquisitions over the last 18 months. - Financial sponsor owner AEA has reduced its stake in the company to

Centerplate Inc. #B# Corporate Credit Rating, #B+# Debt Rating Placed On CreditWatch Positive On Stcoks—16 Nov 17

NEW YORK (S&P Global Ratings) Nov. 15, 2017--S&P Global Ratings today placed its 'B' corporate credit rating on Stamford, Conn.-based Centerplate Inc. on CreditWatch with positive implications. In addition, we placed our 'B+' issue-level rating

HP Completes Acquisition of Samsung Electronics Co., Ltd. Printer Business IT—02 Nov 17

HP Inc. (NYSE: HPQ), the world leader in printing, today announced the completion of its acquisition of Samsung Electronics Co., Ltd.'s printer business in a deal valued at $1.05 billion. A3 represents HP's largest growth opportunity in business

Owens Minor Inc. Ratings On Watch Negative On Planned Acquisition Of Halyard Health#s SIP Business Stcoks—02 Nov 17

NEW YORK (S&P Global Ratings) Nov. 1, 2017--S&P Global Ratings today placed its ratings on Owens & Minor Inc., including the 'BBB-' corporate credit rating, on CreditWatch with negative implications. The CreditWatch placement follows Owens

Valeo closes the acquisition of FTE Automotive—01 Nov 17

Valeo announces the acquisition of FTE Automotive, a leading producer of actuators, after having received clearances from the European Commission and the Turkish Competition Authority. FTE's product portfolio and customer base are highly complementary to

Dynegy Inc. Ratings Placed On CreditWatch Positive On Acquisition Announcement Stcoks—31 Oct 17

NEW YORK (S&P Global Ratings) Oct. 30, 2017--S&P Global Ratings said today it placed its 'B+' issuer credit rating on Dynegy Inc. on CreditWatch with positive implications. We also placed the 'BB' and 'B+' issue-level ratings on the company's

Potlatch Corp. Outlook Revised To Positive From Stable On Acquisition Of Deltic Timber Corp.; #BB+# Stcoks—24 Oct 17

NEW YORK (S&P Global Ratings) Oct. 23, 2017-- S&P Global Ratings today revisedits rating outlook on Potlatch Corp. to positive from stable. At the sametime, we affirmed our ratings, including the 'BB+' corporate credit rating, onthe company. Our

TUV Rheinland Starts Wireless Lab Soft Opening Phase in Sweden IT—24 Oct 17

In mid-September, the global testing service provider TUV Rheinland heralded the soft opening phase of its recently acquired wireless laboratory in the Swedish city of Lund with a customer event. The acquisition of the laboratory, which also constitutes

Ratings On Lodging Group Accor On Watch Developing Following Potential Mantra Acquisition And Stcoks—17 Oct 17

LONDON (S&P Global Ratings) Oct. 17, 2017--S&P Global Ratings today said it has placed its 'BBB-/A-3' long- and short-term corporate credit ratings on Accor S.A. on CreditWatch with developing implications. We also placed our 'BBB-' issue rating

Total Merchant Services Inc. Ratings Are Withdrawn on Acquisition By NAB Holdings Stcoks—17 Oct 17

NEW YORK (S&P Global Ratings) Oct. 16, 2017--S&P Global Ratings withdrew our ratings on Total Merchant Services Inc.'s (TMS) debt and subsequently withdrew our corporate credit rating on TMS. At the time of the withdrawal, the outlook was

KNEL Acquisition LLC #B# Rating, Debt Ratings Affirmed On Acquisition An Outlook Stcoks—17 Oct 17

SAN FRANCISCO (S&P Global Ratings) Oct. 16, 2017--S&P Global Ratings today affirmed its 'B' corporate credit rating on Irwindale, Calif.-based KNEL Acquisition LLC. The outlook is stable. At the same time, we affirmed our 'B' issue-level ratings