Bulletin: Ratings On Kleopatra Holdings 1 S.C.A. Parent Company Discontinued On Redemption Of PIK Notes - S&P Global Ratings’ Credit Research

Bulletin: Ratings On Kleopatra Holdings 1 S.C.A. Parent Company Discontinued On Redemption Of PIK Notes

Bulletin: Ratings On Kleopatra Holdings 1 S.C.A. Parent Company Discontinued On Redemption Of PIK Notes - S&P Global Ratings’ Credit Research
Bulletin: Ratings On Kleopatra Holdings 1 S.C.A. Parent Company Discontinued On Redemption Of PIK Notes
Published Feb 26, 2021
2 pages (978 words) — Published Feb 26, 2021
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Abstract:

FRANKFURT (S&P Global Ratings) Feb. 26, 2021--S&P Global Ratings today said that it has discontinued its issuer credit ratings on Kleopatra Holdings 1 S.C.A. (KH1; B/Stable/--), the ultimate parent company of Klöckner Pentaplast. KH1 no longer has any debt outstanding. It has recently repaid the €395 million payment-in-kind notes (of which €473 million were outstanding at redemption) due June 2023. The discontinuance of our ratings on KH1 has no impact on our ratings on Kleopatra Holdings 2 S.C.A., Kleopatra Finco S.A R.L., or Kloeckner Pentaplast of America Inc., nor does it affect their outstanding debt.

  
Report Type:

Bulletin

Issuer
Kleopatra Holdings 1 S.C.A.
Sector
Global Issuers
Country
Luxembourg
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Kleopatra Holdings 1 S.C.A. Parent Company Discontinued On Redemption Of PIK Notes" Feb 26, 2021. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Kleopatra-Holdings-1-S-C-A-Parent-Company-Discontinued-On-Redemption-Of-PIK-Notes-2602562>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Kleopatra Holdings 1 S.C.A. Parent Company Discontinued On Redemption Of PIK Notes Feb 26, 2021. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Kleopatra-Holdings-1-S-C-A-Parent-Company-Discontinued-On-Redemption-Of-PIK-Notes-2602562>
  
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