ScribeAmerica Intermediate Holdco LLC Assigned 'B' Rating, Stable Outlook; Debt Rated - S&P Global Ratings’ Credit Research

ScribeAmerica Intermediate Holdco LLC Assigned 'B' Rating, Stable Outlook; Debt Rated

ScribeAmerica Intermediate Holdco LLC Assigned 'B' Rating, Stable Outlook; Debt Rated - S&P Global Ratings’ Credit Research
ScribeAmerica Intermediate Holdco LLC Assigned 'B' Rating, Stable Outlook; Debt Rated
Published Mar 07, 2018
4 pages (1415 words) — Published Mar 07, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

U.S.-based medical scribe services company ScribeAmerica Intermediate Holdco LLC is issuing $270 million in senior secured debt to refinance existing debt and pay a $100 million distribution to shareholders. We are assigning our 'B' corporate credit rating to ScribeAmerica Intermediate Holdco LLC. The outlook is stable. At the same time, we are assigning our 'B' issue-level rating and '3' recovery rating to ScribeAmerica's secured credit facility, consisting of a $20 million revolver and $250 million term loan. The stable outlook reflects our expectation that the company will generate over 20% growth and sustain margins around 16% through a mix of organic and acquisitive growth, with leverage sustained between 4x-5x. NEW YORK (S&P Global Ratings) March 7, 2018--S&P Global Ratings today

  
Brief Excerpt:

...+ U.S.-based medical scribe services company ScribeAmerica Intermediate Holdco LLC is issuing $270 million in senior secured debt to refinance existing debt and pay a $100 million distribution to shareholders. + We are assigning our 'B' corporate credit rating to ScribeAmerica Intermediate Holdco LLC. The outlook is stable. + At the same time, we are assigning our 'B' issue-level rating and '3' recovery rating to ScribeAmerica's secured credit facility, consisting of a $20 million revolver and $250 million term loan. + The stable outlook reflects our expectation that the company will generate over 20% growth and sustain margins around 16% through a mix of organic and acquisitive growth, with leverage sustained between 4x-5x. NEW YORK (S&P Global Ratings) March 7, 2018--S&P Global Ratings today assigned its 'B' corporate credit rating to medical scribe services company ScribeAmerica Intermediate Holdco LLC. The outlook is stable. At the same time, we assigned our 'B' issue-level rating and...

  
Report Type:

Ratings Action

Issuer
ScribeAmerica Intermediate Holdco, LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "ScribeAmerica Intermediate Holdco LLC Assigned 'B' Rating, Stable Outlook; Debt Rated" Mar 07, 2018. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ScribeAmerica-Intermediate-Holdco-LLC-Assigned-B-Rating-Stable-Outlook-Debt-Rated-2003582>
  
APA:
S&P Global Ratings’ Credit Research. (). ScribeAmerica Intermediate Holdco LLC Assigned 'B' Rating, Stable Outlook; Debt Rated Mar 07, 2018. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ScribeAmerica-Intermediate-Holdco-LLC-Assigned-B-Rating-Stable-Outlook-Debt-Rated-2003582>
  
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