Fitch Assigns Stabilus' Senior Secured Notes Final 'B+' Rating

Newswire

(The following statement was released by the rating agency) FRANKFURT/LONDON, June 24 (Fitch) Fitch Ratings has assigned Servus Luxembourg Holding S.C.A.'s EUR 315m five-year senior secured notes a final rating of 'B+'/'RR3'. The proceeds refinance existing senior and mezzanine debt of approximately EUR242m and fund a distribution to shareholder of EUR81.2m as well as a distribution to holders of profit participating instruments of EUR12.1m. The notes benefit from guarantees from major ...

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