Bulletin: NVA Holdings Inc. Ratings Unaffected By Proposed $200 Million First-Lien Term Loan Add-On - S&P Global Ratings’ Credit Research

Bulletin: NVA Holdings Inc. Ratings Unaffected By Proposed $200 Million First-Lien Term Loan Add-On

Bulletin: NVA Holdings Inc. Ratings Unaffected By Proposed $200 Million First-Lien Term Loan Add-On - S&P Global Ratings’ Credit Research
Bulletin: NVA Holdings Inc. Ratings Unaffected By Proposed $200 Million First-Lien Term Loan Add-On
Published Oct 30, 2018
3 pages (999 words) — Published Oct 30, 2018
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Abstract:

TORONTO (S&P Global Ratings) Oct. 30, 2018--S&P Global Ratings today said that its 'B' issue-level rating and '3' recovery rating on NVA Holdings Inc.'s senior secured first-lien term loan are unaffected by the company's proposed $200 million first-lien term loan add-on. The company will use the proceeds from this add-on to fund acquisitions and refinance its revolver borrowings. All of our other ratings on NVA Holdings (B/Stable/--) remain unchanged. Our issuer credit rating on NVA reflects the company's leading market position but narrow operating focus in the highly fragmented veterinary practices market. The rating also reflects our expectation that NVA will remain acquisitive and that its adjusted leverage will remain high and above 7x. For the complete issuer credit rating

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Bulletin

Ticker
1041644D@LN
Issuer
NVA Holdings, Inc.
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: NVA Holdings Inc. Ratings Unaffected By Proposed $200 Million First-Lien Term Loan Add-On" Oct 30, 2018. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NVA-Holdings-Inc-Ratings-Unaffected-By-Proposed-200-Million-First-Lien-Term-Loan-Add-On-2122213>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: NVA Holdings Inc. Ratings Unaffected By Proposed $200 Million First-Lien Term Loan Add-On Oct 30, 2018. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NVA-Holdings-Inc-Ratings-Unaffected-By-Proposed-200-Million-First-Lien-Term-Loan-Add-On-2122213>
  
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