Posted On: 12/04/2012 3:15:08 PM
Post# of 28540
Overview
-- USI Inc. is refinancing its existing capital structure in conjunction
with its announced $2.3 billion leveraged buyout by Onex Corp.
-- We are affirming our 'B-' counterparty credit rating on USI and
removing it from CreditWatch Developing.
-- At the same time, we are assigning our 'B-' issue-level and '3'
recovery ratings to the company's proposed senior secured facility and our
'CCC' issue-level rating and '6' recovery ratings to its proposed senior
unsecured fa
-- USI Inc. is refinancing its existing capital structure in conjunction
with its announced $2.3 billion leveraged buyout by Onex Corp.
-- We are affirming our 'B-' counterparty credit rating on USI and
removing it from CreditWatch Developing.
-- At the same time, we are assigning our 'B-' issue-level and '3'
recovery ratings to the company's proposed senior secured facility and our
'CCC' issue-level rating and '6' recovery ratings to its proposed senior
unsecured fa
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I test new features, including the new app!
