Bulletin: Avantor Inc. Ratings Unaffected By $800 Million Unsecured Notes For MasterFlex Acquisition - S&P Global Ratings’ Credit Research

Bulletin: Avantor Inc. Ratings Unaffected By $800 Million Unsecured Notes For MasterFlex Acquisition

Bulletin: Avantor Inc. Ratings Unaffected By $800 Million Unsecured Notes For MasterFlex Acquisition - S&P Global Ratings’ Credit Research
Bulletin: Avantor Inc. Ratings Unaffected By $800 Million Unsecured Notes For MasterFlex Acquisition
Published Oct 19, 2021
3 pages (1190 words) — Published Oct 19, 2021
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Abstract:

NEW YORK (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings today said that its ratings on Avantor Inc. and subsidiary Avantor Funding Inc. are unchanged by the proposed $800 million unsecured notes issued by Avantor Funding. We expect the company to use the proceeds from these notes, which we rated 'BB-' with a '6' recovery rating, along with the proceeds from its recently launched $900 million term loan to fund a portion of its previously announced MasterFlex acquisition. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 5%) recovery in the event of a default. For a more detailed analysis, see our most recent research update on Avantor, published Sept. 17, 2021, on RatingsDirect. ISSUE RATINGS--RECOVERY ANALYSIS

  
Report Type:

Bulletin

Ticker
1491020D
Issuer
GICS
Life Sciences Tools & Services (35203010)
Sector
Global Issuers
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Avantor Inc. Ratings Unaffected By $800 Million Unsecured Notes For MasterFlex Acquisition" Oct 19, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Avantor-Inc-Ratings-Unaffected-By-800-Million-Unsecured-Notes-For-MasterFlex-Acquisition-2740593>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Avantor Inc. Ratings Unaffected By $800 Million Unsecured Notes For MasterFlex Acquisition Oct 19, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Avantor-Inc-Ratings-Unaffected-By-800-Million-Unsecured-Notes-For-MasterFlex-Acquisition-2740593>
  
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