...March 14, 2024 This report does not constitute a rating action. FRANKFURT (S&P Global Ratings) March 14, 2024--S&P Global Ratings today said that the actions taken by Finnish health and social care services provider Mehilainen Yhtyma Oy (B/Stable/--) to address its 2025 debt maturities and extend its debt maturity profile will have little impact on our view of its leverage. Mehilainen is taking advantage of the good market conditions to extend its 1.21 billion first-lien term loan to August 2028 from August 2025 and its 150 million revolving credit facility to February 2028 from February 2025. Our forecast for the group's leverage ratio has been revised, based on strong performance. We expect leverage to drop slightly below 5.0x in 2024, from 5.4x in 2023. In addition, we predict that good operating cash flows and efficient working capital management will support S&P Global Ratings-adjusted free operating cash flow of about 200 million-230 million in 2024. We consider these to be solid...
