Teranet Holdings L.P.'s $550 Million New Senior Secured Notes Due 2032 And 2035 Rated 'BBB-'

Editor's note: S&P Global Ratings believes there is a high degree of unpredictability around policy implementation by the U.S. administration and possible responses--specifically with regard to tariffs--and the potential effect on economies, supply chains, and credit conditions around the world. As a result, our baseline forecasts carry a significant amount of uncertainty. As situations evolve, we will gauge the macro and credit materiality of potential and actual policy shifts and reassess our guidance accordingly (see our research here: spglobal.com/ratings). NEW YORK (S&P Global Ratings) March 6, 2025--S&P Global Ratings today assigned its 'BBB-' issue-level rating to Teranet Holdings L.P.'s proposed CAD$550 million senior secured notes. The company intends to use the proceeds from this offering to repay its CAD$550 million

...Editor's note: S&P Global Ratings believes there is a high degree of unpredictability around policy implementation by the U.S. administration and possible responses--specifically with regard to tariffs--and the potential effect on economies, supply chains, and credit conditions around the world. As a result, our baseline forecasts carry a significant amount of uncertainty. As situations evolve, we will gauge the macro and credit materiality of potential and actual policy shifts and reassess our guidance accordingly (see our research here: spglobal.com/ratings). NEW YORK (S&P Global Ratings) March 6, 2025--S&P Global Ratings today assigned its '###-' issue-level rating to Teranet Holdings L.P.'s proposed CAD$550 million senior secured notes. The company intends to use the proceeds from this offering to repay its CAD$550 million senior secured notes due June 2025, which leads us to view the transaction as credit neutral. The bonds, which are issued in two tranches, CAD$300 million Series...

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