reports
Moody's Ratings affirms Pike's B2 CFR; revises outlook to positive
Moody's Ratings (Moody's) affirmed Pike Corporation's ("Pike") B2 corporate family rating ("CFR"), its B2-PD probability of default rating ("PDR"), its Ba3 backed senior secured first lien bank credit facilities, and the B3 rating on its senior unsecured notes. The rating outlook is revised to posit...
Moody's Ratings affirms Pike's B2 CFR, stable outlook
Moody's Ratings (Moody's) affirmed Pike Corporation's ("Pike") B2 corporate family rating ("CFR"), its B2-PD probability of default rating ("PDR"), its Ba3 backed senior secured first lien credit facilities, and the B3 rating on its senior unsecured notes. The rating outlook is stable. RATINGS RAT...
Moody's assigns B3 rating to Pike's $400 million senior unsecured note...
Moody's Investors Service ("Moody's") has assigned a B3 rating to the proposed $400 million senior unsecured notes by Pike Corporation ("Pike"). Pike plans to use the notes proceeds to repay $297 million existing term loan, $66 million outstanding revolver and add the rest to cash balance. Simultane...
Moody's assigns Ba3 rating to Pike's $300 million incremental first-li...
Moody's Investors Service ("Moody's") has assigned a Ba3 rating to the $300 million first-lien term loan to be issued by Pike Corporation ("Pike"). Pike plans to use the term loan proceeds to fund an acquisition and to repay a $75 million bridge loan it borrowed to partially fund the redemption of L...
Moody's assigns B3 rating to Pike's new USD notes
Rating Action: Moody's assigns B3 rating to Pike's new USD notes. Global Credit Research- 11 Jan 2022. New York, January 11, 2022-- Moody's Investors Service has assigned a B3 rating to the new USD senior unsecured notes to be issued by Pike Corporation.
Moody's announces completion of a periodic review of ratings of Pike C...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Pike Corporation. Global Credit Research- 06 Dec 2021. New York, December 06, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Pike Corporation and other ratings that are associated with the same analytical unit.
Moody's assigns Ba3 rating to Pike Corporation's Term Loans
Rating Action: Moody's assigns Ba3 rating to Pike Corporation's Term Loans. Global Credit Research- 15 Jan 2021. NOTE: On January 21, 2021, the press release was corrected as follows: In the third sentence of the fourth paragraph of the RATINGS RATIONALE section of the press release, the expiry date for the remaining $169.7 million of the revolver was changed to July 2025. Revised release follows.
Moody's assigns Ba3 rating to Pike Corporation's Term Loans
Rating Action: Moody's assigns Ba3 rating to Pike Corporation's Term Loans. Global Credit Research- 15 Jan 2021. New York, January 15, 2021-- Moody's Investors Service, has assigned a Ba3 rating to Pike Corporation's proposed $730 million term loans.
Moody's announces completion of a periodic review of ratings of Pike C...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Pike Corporation. Global Credit Research- 13 Jan 2021. New York, January 13, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Pike Corporation and other ratings that are associated with the same analytical unit.
Moody's says Lindsay Goldberg's acquisition of 50.1% of Pike Corporati...
Announcement: Moody's says Lindsay Goldberg's acquisition of 50.1% of Pike Corporation will not impact its ratings. Global Credit Research- 21 Dec 2020. New York, December 21, 2020-- Moody's Investors Service noted that Lindsay Goldberg's partly debt funded acquisition of 50.1% of Pike Corporation's will not impact Pike's ratings since the proposed pro forma capital structure will result in credit metrics that still support the B2 corporate family rating and the company's...
Pike Corporation: Covenant Quality Post-Sale Snapshot: $500m 5.500% Se...
CORPORATES ISSUER IN-DEPTH 8 September 2020 Source Documents: Final OM (19 Aug 2020) See Snapshot User’s Guide for terminology, analytical criteria and our ranking of covenant structures. This report contains Moody’s analysis of the principal protections and weaknesses of the covenant package of the Notes based on information contained in the Final OM dated 19 Aug 2020. Contacts Camero
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.