NEP/NCP Holdco Inc. 'B' Rating Unaffected By Proposed Credit Agreement Amendment And Debt Add-On; Outlook Remains Stable - S&P Global Ratings’ Credit Research

NEP/NCP Holdco Inc. 'B' Rating Unaffected By Proposed Credit Agreement Amendment And Debt Add-On; Outlook Remains Stable

NEP/NCP Holdco Inc. 'B' Rating Unaffected By Proposed Credit Agreement Amendment And Debt Add-On; Outlook Remains Stable - S&P Global Ratings’ Credit Research
NEP/NCP Holdco Inc. 'B' Rating Unaffected By Proposed Credit Agreement Amendment And Debt Add-On; Outlook Remains Stable
Published Apr 01, 2015
Published Apr 01, 2015
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Abstract:

NEW YORK (Standard&Poor's) April 1, 2015--Standard&Poor's Ratings Services said today that its ratings, including the 'B' corporate credit rating, on Pittsburgh-based entertainment production company and service provider NEP/NCP Holdco Inc. (NEP) are not affected by the company's announcement that it is amending its credit agreement and issuing a $75 million add-on to its second-lien term loan. The rating outlook remains stable. The company will use the proceeds to partially fund its acquisition of Mediatec Group, a Scandinavian provider of remote production services. The unaffected ratings include the 'B' issue-level rating and '3' recovery rating on the company's first-lien revolving credit facility and term loan. The '3' recovery rating indicates our expectation for meaningful recovery (50%-70%; high

  
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MLA:
S&P Global Ratings’ Credit Research. "NEP/NCP Holdco Inc. 'B' Rating Unaffected By Proposed Credit Agreement Amendment And Debt Add-On; Outlook Remains Stable" Apr 01, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/NEP-NCP-Holdco-Inc-B-Rating-Unaffected-By-Proposed-Credit-Agreement-Amendment-And-Debt-Add-On-Outlook-Remains-Stable-1392074>
  
APA:
S&P Global Ratings’ Credit Research. (). NEP/NCP Holdco Inc. 'B' Rating Unaffected By Proposed Credit Agreement Amendment And Debt Add-On; Outlook Remains Stable Apr 01, 2015. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/NEP-NCP-Holdco-Inc-B-Rating-Unaffected-By-Proposed-Credit-Agreement-Amendment-And-Debt-Add-On-Outlook-Remains-Stable-1392074>
  
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