trending Market Intelligence /marketintelligence/en/news-insights/trending/IPuvzR5jb77Xm2UpPA6CdQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P affirms ratings on FEH over THL Credit deal

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


S&P affirms ratings on FEH over THL Credit deal

S&P Global Ratings affirmed its BB+ issuer credit and senior secured debt ratings on FEH Inc.

The ratings affirmation follows FEH's launch of a $300 million add-on to its secured term loan due 2024 to fund the acquisition of THL Credit Advisors LLC, which is expected to close in the first quarter.

With the deal, Ratings predicts that leverage will be slightly below the 4x debt-to-adjusted EBITDA downside trigger while interest coverage ratios remain above 5x.

The outlook remains negative, reflecting the agency's expectation that the company's organic growth will remain under pressure during the next 12 months while AUM remains meaningfully concentrated in the global value strategy and leverage remains below 4x.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.