PARIS (S&P Global Ratings) Feb. 26, 2020--S&P Global Ratings today said that its ratings and outlook on business-to-business information and services company Infopro Digital Group B.V. (Infopro; B/Stable/--) can absorb the firm's announced £114.5 million acquisition of U.K.-based Haynes Publishing Group PLC (Haynes). This transaction will be funded by Infopro's ample cash reserves and drawings under the €70 million revolving credit facility (RCF), which will temporarily spur S&P Global Ratings-adjusted leverage toward 6.8x. However, we expect S&P Global Ratings-adjusted debt to EBITDA will reduce below 6.5x by year-end 2020 as the company partially pays back the RCF with cash flow generation. We also expect Infopro will maintain adequate liquidity with an estimated €50 million cash on balance sheet. Haynes is
