WASH Multifamily Acquisition Inc. Extends Maturity Of Revolver; Liquidity Assessment Revised To Adequate - S&P Global Ratings’ Credit Research

WASH Multifamily Acquisition Inc. Extends Maturity Of Revolver; Liquidity Assessment Revised To Adequate

WASH Multifamily Acquisition Inc. Extends Maturity Of Revolver; Liquidity Assessment Revised To Adequate - S&P Global Ratings’ Credit Research
WASH Multifamily Acquisition Inc. Extends Maturity Of Revolver; Liquidity Assessment Revised To Adequate
Published Apr 30, 2020
3 pages (1508 words) — Published Apr 30, 2020
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About This Report

  
Abstract:

Laundry facilities management services provider WASH Multifamily Acquisition Inc. amended its revolving credit facility to extend the current maturity to June 30, 2021. Therefore, S&P Global Ratings revised its assessment of the company's liquidity to adequate from weak. At the same time, we are affirming all our ratings on WASH. The outlook is stable. The stable outlook reflects our expectation that WASH will be able to refinance borrowings under its amended revolving credit facility well before they becomes due and continue to demonstrate good operating performance while maintaining its EBITDA margins in the low- to mid-20% range over the next 12 months as it manages challenges from COVID-19. NEW YORK (S&P Global Ratings) April 30, 2020--S&P Global Ratings today took

  
Report Type:

Ratings Action

Ticker
1266947D
Issuer
GICS
Specialized Consumer Services (25302020)
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "WASH Multifamily Acquisition Inc. Extends Maturity Of Revolver; Liquidity Assessment Revised To Adequate" Apr 30, 2020. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/WASH-Multifamily-Acquisition-Inc-Extends-Maturity-Of-Revolver-Liquidity-Assessment-Revised-To-Adequate-2422544>
  
APA:
S&P Global Ratings’ Credit Research. (). WASH Multifamily Acquisition Inc. Extends Maturity Of Revolver; Liquidity Assessment Revised To Adequate Apr 30, 2020. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/WASH-Multifamily-Acquisition-Inc-Extends-Maturity-Of-Revolver-Liquidity-Assessment-Revised-To-Adequate-2422544>
  
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