Bulletin: Hyperion Insurance Group Ratings Unchanged Following $100 Million Term Loan Add-On Announcement - S&P Global Ratings’ Credit Research

Bulletin: Hyperion Insurance Group Ratings Unchanged Following $100 Million Term Loan Add-On Announcement

Bulletin: Hyperion Insurance Group Ratings Unchanged Following $100 Million Term Loan Add-On Announcement - S&P Global Ratings’ Credit Research
Bulletin: Hyperion Insurance Group Ratings Unchanged Following $100 Million Term Loan Add-On Announcement
Published Nov 20, 2019
2 pages (1232 words) — Published Nov 20, 2019
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Abstract:

LONDON (S&P Global Ratings) Nov. 20, 2019--S&P Global Ratings today said that it expects U.K.-based insurance broker Hyperion Insurance Group Ltd. (B/Stable/--) to comfortably absorb the additional financial burden associated with the proposed $100 million add-on to its term loan B. As with Hyperion's previous add-on issuances, we do not expect our ratings on the group or its overall creditworthiness to be affected. Hyperion intends to use the net proceeds to bolster its locked account, which will be used to fund future acquisitions. The group is highly acquisitive and has a track record of successfully integrating acquisitions and upsizing its facilities. The previous add-on occurred in March 2019. We anticipate that Hyperion will absorb the financial burden of this latest

  
Report Type:

Bulletin

Issuer
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Hyperion Insurance Group Ratings Unchanged Following $100 Million Term Loan Add-On Announcement" Nov 20, 2019. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Hyperion-Insurance-Group-Ratings-Unchanged-Following-100-Million-Term-Loan-Add-On-Announcement-2343268>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Hyperion Insurance Group Ratings Unchanged Following $100 Million Term Loan Add-On Announcement Nov 20, 2019. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Hyperion-Insurance-Group-Ratings-Unchanged-Following-100-Million-Term-Loan-Add-On-Announcement-2343268>
  
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