Bulletin: Hudson River Trading LLC?s Term Loan Add-On Is Credit Neutral - S&P Global Ratings’ Credit Research

Bulletin: Hudson River Trading LLC?s Term Loan Add-On Is Credit Neutral

Bulletin: Hudson River Trading LLC?s Term Loan Add-On Is Credit Neutral - S&P Global Ratings’ Credit Research
Bulletin: Hudson River Trading LLC?s Term Loan Add-On Is Credit Neutral
Published Jan 06, 2022
2 pages (948 words) — Published Jan 06, 2022
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Jan. 6, 2022--S&P Global Ratings said today that Hudson River Trading LLC's $100 million add-on to its existing $1.941 billion senior secured term loan does not impact our ratings on the company. We expect the proceeds to be used for general corporate purposes and to increase trading capital for its market-making business. While the deployment of additional trading capital will increase trading book market risk, we expect capitalization to remain adequate given that the new debt represents only a very modest increase in the firm's net trading capital.

  
Brief Excerpt:

...January 6, 2022 NEW YORK (S&P Global Ratings) Jan. 6, 2022--S&P Global Ratings said today that Hudson River Trading LLC's $100 million add-on to its existing $1.941 billion senior secured term loan does not impact our ratings on the company. We expect the proceeds to be used for general corporate purposes and to increase trading capital for its market-making business. While the deployment of additional trading capital will increase trading book market risk, we expect capitalization to remain adequate given that the new debt represents only a very modest increase in the firm's net trading capital....

  
Report Type:

Bulletin

Ticker
0247828D
Issuer
Hudson River Trading LLC
GICS
Application Software (45103010)
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: Hudson River Trading LLC?s Term Loan Add-On Is Credit Neutral" Jan 06, 2022. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Hudson-River-Trading-LLC-s-Term-Loan-Add-On-Is-Credit-Neutral-2776862>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Hudson River Trading LLC?s Term Loan Add-On Is Credit Neutral Jan 06, 2022. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Hudson-River-Trading-LLC-s-Term-Loan-Add-On-Is-Credit-Neutral-2776862>
  
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