Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated - S&P Global Ratings’ Credit Research

Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated

Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated - S&P Global Ratings’ Credit Research
Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated
Published Apr 10, 2013
1476 words — Published Apr 10, 2013
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Abstract:

U.S. check printer and software services company Harland Clarke Holdings' fourth-quarter operating performance exceeded our expectations. The company is also planning to refinance its remaining term loan B maturing in 2014 with a $750 new term loan B maturing in 2018. We are revising our outlook on the company to stable from negative. We are also assigning the company's proposed term loan B an issue-level rating of 'B+' with a recovery rating of '3'. The stable outlook reflects our expectation that the company will keep leverage under 5x and refinance its 2015 maturities in a timely manner. NEW YORK (Standard&Poor's) April 10, 2013--Standard&Poor's Ratings Services today revised its 'B+' corporate credit rating outlook on Harland Clarke

  
Brief Excerpt:

RESEARCH Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated Publication date: 10-Apr-2013 Primary Credit Analyst: Tulip Lim, New York (1) 212-438-4061; tulip_lim@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Ticker
664088Z
Issuer
Vericast Corp.
GICS
Commercial Printing (20201010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated" Apr 10, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Harland-Clarke-Holdings-Corp-Rating-Outlook-Revised-To-Stable-From-Negative-New-Debt-Rated-1114366>
  
APA:
S&P Global Ratings’ Credit Research. (). Harland Clarke Holdings Corp. Rating Outlook Revised To Stable From Negative; New Debt Rated Apr 10, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Harland-Clarke-Holdings-Corp-Rating-Outlook-Revised-To-Stable-From-Negative-New-Debt-Rated-1114366>
  
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