trending Market Intelligence /marketintelligence/en/news-insights/trending/wHV7SGOEL55a21vlaVvN4A2 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

In this list

Moody's affirms Greenhill

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Moody's affirms Greenhill

Moody's affirmed investment bank Greenhill & Co. Inc.'s corporate family, senior secured term loan and revolving credit facility ratings at Ba2.

The outlook on the ratings is stable.

The affirmation came after the company announced that it will be issuing a $360 million first lien term loan due 2024 to refinance its existing $328 million first lien term loan due 2022. Moody's said the $32 million increase in outstanding debt resulting from the refinancing will increase Greenhill's debt leverage to around 4.6x from 4.0x at December 2018, but it could also provide the firm with favorable pricing that could be sufficient to reduce its overall debt servicing expense.

The stable outlook reflects the rating agency's expectation that the company would maintain its well-managed variable cost structure and provide adequate consideration to creditors' interests. Moody's withdrew its outlook on the company's senior secured term loan, revolving credit facility and corporate family ratings for business reasons.