Bulletin: EFS Cogen Holdings I LLC Preliminary Rating Unchanged On Term Loan Add-On - S&P Global Ratings’ Credit Research

Bulletin: EFS Cogen Holdings I LLC Preliminary Rating Unchanged On Term Loan Add-On

Bulletin: EFS Cogen Holdings I LLC Preliminary Rating Unchanged On Term Loan Add-On - S&P Global Ratings’ Credit Research
Bulletin: EFS Cogen Holdings I LLC Preliminary Rating Unchanged On Term Loan Add-On
Published Jun 24, 2016
2 pages (880 words) — Published Jun 24, 2016
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) June 24, 2016--S&P Global Ratings said today that its preliminary 'BB' ratings on EFS Cogen Holdings I LLC's newly proposed term loan due 2023 and revolving credit facility are unchanged after the project upsized the term loan to $1.05 billion from $1.0 billion. The preliminary recovery rating on both issuances is '1'. The outlook is stable. We revised our debt pricing assumption slightly in light of changing market conditions, and the impact on minimum debt service, average debt service coverage, and project life coverage ratio is minimal.

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) June 24, 2016--S&P Global Ratings said today that its preliminary '##' ratings on EFS Cogen Holdings I LLC's newly proposed term loan due 2023 and revolving credit facility are unchanged after the project upsized the term loan to $1.05 billion from $1.0 billion. The preliminary recovery rating on both issuances is '1'. The outlook is stable. We revised our debt pricing assumption slightly in light of changing market conditions, and the impact on minimum debt service, average debt service coverage, and project life coverage ratio is minimal. Only a rating committee may determine a rating action and this report does not constitute a rating action....

  
Report Type:

Bulletin

Ticker
0891030D
Issuer
EFS Cogen Holdings I LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: EFS Cogen Holdings I LLC Preliminary Rating Unchanged On Term Loan Add-On" Jun 24, 2016. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-EFS-Cogen-Holdings-I-LLC-Preliminary-Rating-Unchanged-On-Term-Loan-Add-On-1663762>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: EFS Cogen Holdings I LLC Preliminary Rating Unchanged On Term Loan Add-On Jun 24, 2016. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-EFS-Cogen-Holdings-I-LLC-Preliminary-Rating-Unchanged-On-Term-Loan-Add-On-1663762>
  
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