Corporate Debt Ratings Received from Moody's and S&P
London, April 20, 2018 AEST (ABN Newswire) - Speedcast International Limited (
ASX:SDA), the world's most trusted provider of remote communication and IT services, announced that in connection with the proposed offering of a new US$425 million Senior Secured 7-year US Term Loan B, ratings agencies Moody's Investors Services ("Moody's"), and S&P Global ("S&P") have assigned corporate and facility level credit ratings as follows.
- Moody's has assigned the Company a corporate credit rating of 'Ba3' with a stable outlook and the proposed facility an instrument rating of 'Ba3'.
- S&P has assigned the Company a corporate credit rating of 'BB-' with a stable outlook and the proposed facility a preliminary instrument rating of 'BB-'.
To view the Lender Presentation for Debt Refinancing Strategy, please visit:
http://abnnewswire.net/lnk/68K78QC0
About Speedcast International Ltd
Speedcast International Ltd (ASX:SDA) is the world's most trusted communications and IT services provider, delivering critical communications solutions to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. With more satellite capacity than any other provider, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. The company also integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Learn more at www.speedcast.com.
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