...PARIS (S&P Global Ratings) July 17, 2024--S&P Global Ratings said today that zinc recycler Befesa S.A.'s refinancing of its debt instruments with similar instruments and the extension of its debt maturity profile have no impact on the '##' rating, with a stable outlook, on the company. Specifically, Befesa's existing facilities are: - A 626 million term loan B (TLB) maturing in July 2026; - A 75 million revolving credit facility (RCF) maturing in July 2025; and - A 35 million guarantee facility maturing in July 2025. The new facilities are: - A TLB of up to 650 million, maturing in July 2029 (terms otherwise unchanged) to refinance the existing term facilities; - An RCF of up to 100 million, maturing in July 2028--earmarked for general corporate purposes; and - A 35 million guarantee facility for general corporate purposes. For details on the main rating drivers, see "Luxembourg-Based Befesa Downgraded To '##' On Lower-Than-Expected Profitability And Higher Leverage; Outlook Stable," published...
