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su FINRA ultimo prezzo di Intelsat 79.80
su FINRA ultimo prezzo di Intelsat 79.80
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
fedro10
è la somma che fa il totale...
Rating Action:
Moody's affirms Tenet Healthcare's ratings; outlook to stable from negative
11 May 2018
New York, May 11, 2018 -- Moody's Investors Service ("Moody's") affirmed the ratings of Tenet Healthcare Corporation ("Tenet"), including the B2 Corporate Family Rating and B2-PD Probability of Default Rating, senior secured rating of Ba3 and unsecured rating of Caa1. Moody's also affirmed the Speculative Grade Liquidity Rating of SGL-2 and changed the outlook to stable from negative.
The change in the rating outlook reflects improving operating performance driven by early benefits of the company's recently implemented $250 million cost reduction plan. It also reflects a modest recovery in patient volumes, and favorable pricing driven by a mix shift towards higher acuity procedures. Moody's believes that adjusted debt/EBITDA will decline from about 6.8x (pro forma for divestitures) at March 31, 2018 to around 6.5x by the end of 2018 and towards 6.0x by the end of 2019.
The affirmation of the B2 CFR reflects Tenet's scale, as well as the business diversity provided by the ambulatory surgery and revenue cycle management businesses. The B2 is also supported by Tenet's good liquidity (reflected in the SGL-2 rating) and favorable maturity profile, giving the company plenty of financial flexibility. Liquidity is also supported by Moody's forecast for improving cash flow and availability under Tenet's $1 billion asset-based lending facility.
Following is a summary of Moody's rating actions:
Ratings affirmed:
Corporate Family Rating at B2
Probability of Default Rating at B2-PD
Senior secured first lien notes at Ba3 (LGD3)
Senior secured second lien notes at Ba3 (LGD3)
Unsecured notes at Caa1 (LGD5)
Moody's affirms Tenet Healthcare's ratings; outlook to stable from negative
11 May 2018
New York, May 11, 2018 -- Moody's Investors Service ("Moody's") affirmed the ratings of Tenet Healthcare Corporation ("Tenet"), including the B2 Corporate Family Rating and B2-PD Probability of Default Rating, senior secured rating of Ba3 and unsecured rating of Caa1. Moody's also affirmed the Speculative Grade Liquidity Rating of SGL-2 and changed the outlook to stable from negative.
The change in the rating outlook reflects improving operating performance driven by early benefits of the company's recently implemented $250 million cost reduction plan. It also reflects a modest recovery in patient volumes, and favorable pricing driven by a mix shift towards higher acuity procedures. Moody's believes that adjusted debt/EBITDA will decline from about 6.8x (pro forma for divestitures) at March 31, 2018 to around 6.5x by the end of 2018 and towards 6.0x by the end of 2019.
The affirmation of the B2 CFR reflects Tenet's scale, as well as the business diversity provided by the ambulatory surgery and revenue cycle management businesses. The B2 is also supported by Tenet's good liquidity (reflected in the SGL-2 rating) and favorable maturity profile, giving the company plenty of financial flexibility. Liquidity is also supported by Moody's forecast for improving cash flow and availability under Tenet's $1 billion asset-based lending facility.
Following is a summary of Moody's rating actions:
Ratings affirmed:
Corporate Family Rating at B2
Probability of Default Rating at B2-PD
Senior secured first lien notes at Ba3 (LGD3)
Senior secured second lien notes at Ba3 (LGD3)
Unsecured notes at Caa1 (LGD5)
fedro10
è la somma che fa il totale...
fedro10
è la somma che fa il totale...
fresca da IW che cosa avete pensato di fare? io ho la 22 e sono un po indeciso l'ammetto...
Le comunichiamo che COMMUNITY HEALTH SYS ha annunciato un’offerta di scambio per le
obbligazioni COMMUNITY HEALTH SYS 8% 12/19 (isin US12543DAL47) e COMMUNITY HEALTH
SYS 6,875% 14/22 (isin US12543DAV29).
Si riportano di seguito alcuni dettagli relativi all’Offerta di Scambio.
Minimum Denomination: Le Istruzioni per l'Offerta dovranno essere presentate per un
ammontare nominale minimo di usd 2.000 e successivi multipli di 1.000.
Interesse maturato
La Società pagherà, inoltre, l’Interesse Maturato sulle Notes accettate per lo scambio ai sensi
dell’Offerta.
Agli obbligazionisti vengono offerte le seguenti possibilità:
1. OPTION 1 – EARLY EXCHANGE: scegliendo questa opzione l’obbligazionista partecipa
all’offerta di scambio. In particolare, in caso di adesione, per ogni USD 1.000,00 v.n. di
obbligazioni consegnate riceverà n.1000 azioni.
2. OPTION 2 – EXCHANGE: scegliendo questa opzione l’obbligazionista partecipa
all’offerta di scambio. In particolare, in caso di adesione, per ogni USD 1.000,00 v.n. di
obbligazioni consegnate riceverà n. 970 azioni.
3. NO ACTION (opzione di default): coloro che sceglieranno questa opzione o non
forniranno alcuna risposta.
Il
fabriziof
Forumer storico
Questo é il testo di iw? Azioni?
che dementi....gli ho anche inviato il memorandum...
Gli ho inviato email per far correggere le istruzioni, vediamo.
Ultima modifica:
fedro10
è la somma che fa il totale...
venerdì anch'io lo girato ad iw....
