Bulletin: Mehilainen's Proposed Partial Refinancing Strengthens Its Solid Free Cash Flow Generation Further - S&P Global Ratings’ Credit Research

Bulletin: Mehilainen's Proposed Partial Refinancing Strengthens Its Solid Free Cash Flow Generation Further

Bulletin: Mehilainen's Proposed Partial Refinancing Strengthens Its Solid Free Cash Flow Generation Further - S&P Global Ratings’ Credit Research
Bulletin: Mehilainen's Proposed Partial Refinancing Strengthens Its Solid Free Cash Flow Generation Further
Published May 04, 2021
3 pages (1540 words) — Published May 04, 2021
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

DUBLIN (S&P Global Ratings) May 4, 2021--S&P Global Ratings said today that Mehilainen Yhtyma Oy's (B/Stable/--) proposed partial refinancing will further improve its solid free operating cash flow generation (FOCF, after principal lease payments) by shaving about €5 million off its annual interest bill. The Finland-based health and social care services provider plans to raise €300 million as an add-on to its existing senior secured term loan B (due August 2025). It will use the proceeds to: Repay in full the existing €200 million second-lien debt facility (due August 2026); Pay off €50 million of the existing €810 million term loan B tranche; and Replenish its balance sheet cash by €48 million. The term loan add-on issuance will incorporate an

  
Report Type:

Bulletin

Issuer
Mehilainen Yhtyma Oy
GICS
Health Care Facilities (35102020)
Sector
Global Issuers
Country
Finland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Mehilainen's Proposed Partial Refinancing Strengthens Its Solid Free Cash Flow Generation Further" May 04, 2021. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Mehilainen-s-Proposed-Partial-Refinancing-Strengthens-Its-Solid-Free-Cash-Flow-Generation-Further-2640179>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Mehilainen's Proposed Partial Refinancing Strengthens Its Solid Free Cash Flow Generation Further May 04, 2021. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Mehilainen-s-Proposed-Partial-Refinancing-Strengthens-Its-Solid-Free-Cash-Flow-Generation-Further-2640179>
  
Free
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.