Univar (UNVR) IPO Opens at $24.10, Above Initial Pricing
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S&P Affirms Ratings on Univar (UNVR) Following IPO; Debt Reduction Will Lead to Improved Credit Measures
June 18, 2015 2:51 PM EDTKey points:
Univar Inc. has completed its initial public offering (IPO) and is now issuing debt as part of a recapitalization.We are affirming our 'B+' corporate credit rating on the company.We are also assigning our 'BB-' issue-level and '2' recovery rating to the company's proposed $2.05 billion and 250 million term loans.At the same time, we are assigning our 'B' issue-level and '5' recovery rating to the company's proposed $400 million senior unsecured notes.The stable outlook reflects our expectation that the company's recent IPO and subsequent debt... MoreUnivar (UNVR) Boosts IPO Offering Size by 75% to 35M Common Shares
June 17, 2015 7:54 AM EDTUnivar Inc. (NYSE: UNVR), a global chemical distributor and provider of value-added services, filed an amended registration with the U.S. SEC for an IPO of its Common Stock. The company plans to offer 35 million shares, up from 20 million previously offered. Pricing is... More
