CenturyLink : Announces Successful Early Tender Results | MarketScreener
Come mi aspettavo, adesioni bassissime.
Come mi aspettavo, adesioni bassissime.
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (12 lettori)
- Creatore Discussione gionmorg
- Data di Inizio
Maio72
Follow the white rabbit
Preso piccolo lotto di Tenneco 5% 2026 sul TLX @78.29
per info sull'azienda: Drive Over 6.7% YTM with Tenneco Inc., Bonds Mature December 2024
per info sull'azienda: Drive Over 6.7% YTM with Tenneco Inc., Bonds Mature December 2024
waltermasoni
Caribbean Trader
Announcement:
Moody's says Frontier's sale of operations in Washington, Oregon, Idaho, and Montana does not impact rating or stable outlook
30 May 2019
New York, May 30, 2019 -- Moody's Investors Service (Moody's) said Frontier Communications Corp.'s (Frontier) definitive agreement to sell its operations and all associated assets in Washington, Oregon, Idaho, and Montana for $1.352 billion does not immediately impact its B3 corporate family rating or stable outlook. The sale price represents a company-adjusted EBITDA valuation multiple of about 5x for the sold operations, which is about the same level as Frontier's debt/EBITDA (Moody's adjusted) of 5.2x as of March 31, 2019. While the use of proceeds is currently uncertain, the all cash sale proceeds will enhance liquidity and are expected to be used for debt reduction given the company's recent financial policy actions. Given Frontier's difficult path to deleveraging with organic growth by this transaction's close in 2020, any debt reduction with sale proceeds would likely be credit neutral. However, if Frontier were to utilize these proceeds for anything other than debt reduction, rating pressure could ensue. The closing of the sale to WaveDivision Capital, LLC (WaveDivision) in partnership with Searchlight Capital Partners, LLC (Searchlight) is subject to regulatory approvals and other closing conditions.
Frontier is an Incumbent Local Exchange Carrier (ILEC) headquartered in Norwalk, CT and the fourth largest wireline telecommunications company in the US. In April of 2016, Frontier finalized the acquisition of Verizon's wireline assets in California, Texas and Florida (CTF). Frontier generated $8.5 billion of revenue in the last 12 months ended March 31, 2019.
For additional details please refer to the issuer comment posted on www.Moodys.com.
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Moody's says Frontier's sale of operations in Washington, Oregon, Idaho, and Montana does not impact rating or stable outlook
30 May 2019
New York, May 30, 2019 -- Moody's Investors Service (Moody's) said Frontier Communications Corp.'s (Frontier) definitive agreement to sell its operations and all associated assets in Washington, Oregon, Idaho, and Montana for $1.352 billion does not immediately impact its B3 corporate family rating or stable outlook. The sale price represents a company-adjusted EBITDA valuation multiple of about 5x for the sold operations, which is about the same level as Frontier's debt/EBITDA (Moody's adjusted) of 5.2x as of March 31, 2019. While the use of proceeds is currently uncertain, the all cash sale proceeds will enhance liquidity and are expected to be used for debt reduction given the company's recent financial policy actions. Given Frontier's difficult path to deleveraging with organic growth by this transaction's close in 2020, any debt reduction with sale proceeds would likely be credit neutral. However, if Frontier were to utilize these proceeds for anything other than debt reduction, rating pressure could ensue. The closing of the sale to WaveDivision Capital, LLC (WaveDivision) in partnership with Searchlight Capital Partners, LLC (Searchlight) is subject to regulatory approvals and other closing conditions.
Frontier is an Incumbent Local Exchange Carrier (ILEC) headquartered in Norwalk, CT and the fourth largest wireline telecommunications company in the US. In April of 2016, Frontier finalized the acquisition of Verizon's wireline assets in California, Texas and Florida (CTF). Frontier generated $8.5 billion of revenue in the last 12 months ended March 31, 2019.
For additional details please refer to the issuer comment posted on www.Moodys.com.
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
riky2013
Forumer attivo
CMA CGM Bond: 7,750% fino a 15.01.2 ..
buongiorno, avete percaso notizie delle motivazioni di questo calo dell' obbligazione CMA CGM
buongiorno, avete percaso notizie delle motivazioni di questo calo dell' obbligazione CMA CGM
londonwhale
Forumer storico
1Q ieri
salice02
Forumer storico
Guardato ora.....Nessuna news!!!
Tranquillo che quando avrò notizie le posterò sul forum.