trending Market Intelligence /marketintelligence/en/news-insights/trending/nZuNYwd1ovEUg3ki9APUig2 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 revises Integer Holdings' outlook to positive expecting lower leverage

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


S&P revises Integer Holdings' outlook to positive expecting lower leverage

S&P Global Ratings affirmed Integer Holdings Corp.'s B+ long-term issuer credit rating and revised the outlook on the healthcare equipment company to positive from stable.

The rating agency also affirmed all issue-level and recovery ratings on the Plano, Texas-based company.

S&P Global Ratings said in a March 21 ratings release that the outlook revision to positive incorporates its belief that Integer Holdings' financial policy might be changing to aim for sustained lower leverage.

Integer's leverage has decreased from 6.3x in 2017 to 3.8x at the end of 2018, as a result of the company repaying $700 million of debt obligations in 2018 after selling its advanced surgical and orthopedics products lines to Medplast LLC for $600 million in cash.

The company also plans to repay over $100 million of debt in 2019.

S&P Global Ratings expects Integer's leverage to fall to about 3.5x by the end of 2019. It also believes Integer will grow revenue at a mid-single-digit percent rate while adjusted EBITDA margins exceed 21% and has incorporated this expectation into the company's rating.

The rating agency expects Integer to remain acquisitive, but it believes the company will focus mostly on tuck-in acquisitions funded with internally generated cash flow, allowing for further debt reduction.

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.