This report does not constitute a rating action. MADRID (S&P Global Ratings) June 11, 2026--Denmark-headquartered hearing aid manufacturer WS Audiology A/S ' (WSA; B/Stable/--) proposed transaction to amend and extend its €2.9 billion-equivalent senior secured term loan B (TLB) and its €350 million revolving credit facility (RCF) does not affect our issuer and issue ratings. WSA intends to extend the maturity of its existing senior secured TLB (euro-denominated €1.9 billion and U.S. dollar-denominated $1.08 billion TLB) by three years to February 2032 and RCF to August 2031. Our recovery ratings on the senior secured facilities remain unchanged. We view the transaction as leverage neutral and that it will support the company's debt maturity profile. We currently see tight headroom for
