Form 8-K HOLOGIC INC For: May 29
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Hologic (HOLX) Ratings Affirmed by S&P Following Credit Facility Refinancing
June 1, 2015 1:56 PM EDTStandard & Poor's Ratings Services affirmed its ratings, including the 'BB' corporate credit rating, on Hologic (NASDAQ: HOLX) following the company's refinancing of its credit facility. The outlook is stable.
At the same time, we assigned a 'BBB-' issue-level rating to the $2.5 billion credit facility. The recovery rating on this debt is '1', indicating our expectation of very high (90% to 100%) recovery in the event of default.
The issue-level rating on the company's $1 billion unsecured notes is 'BB'. The recovery rating is capped at a '3' with our expectation of... More
