Global manufacturer of hearing aid devices WSA A/S changed slightly its group structure, with WS Audiology A/S now being the new parent company of the restricted group and the new borrower of the €1.9 billion and $1.08 billion senior secured term loans (TLBs) maturing in February 2029 (the latter co-borrowed by WS Audiology USA LLC), as well as being the new borrower of the €350 million senior secured revolving credit facility (RCF) due in August 2028. We assigned our 'B' long-term issuer credit rating to WS Audiology A/S and our 'B' issue rating to the €1.9 billion and $1.08 billion TLBs and the €350 million senior secured RCF. The recovery rating on the debt facilities is '3' (65% expected recovery
