...+ Netherlands-based general merchandise and food retailer Hema is proposing to refinance its existing debt maturities by issuing 610 million of senior secured notes, 150 million of senior unsecured notes, and a 100 million revolving credit facility (RCF). + The successful issue of the proposed notes would enable Hema to extend its maturities and stabilize its capital structure. + We are placing the '###+' long-term corporate credit rating on CreditWatch with positive implications, and assigning a 'B-' issue rating to the proposed 610 million senior secured notes and a '###' rating to the 150 million proposed senior unsecured notes. We are also assigning a 'B+' issue rating to the proposed 100 million RCF. + We consider that the proposed refinancing would strengthen the group's capital structure and liquidity position, and extend its debt maturities. If it is successful, we are likely to raise the long-term rating on Hema to 'B-'. LONDON (S&P Global Ratings) July 11, 2017--S&P Global Ratings...
