Money Makers Mentor

Kantar Issued Downgrades Over Its $900 Million Debt Acquisition –

Last week, S&P Global and Moody’s issued downgrades to Kantar Global Holdings LLC. S&P on June 8 downgraded its issuer credit rating to B- after Kantar issued a $900 million debt of senior secured notes to fund the acquisition of U.S.-based market intelligence company Numerator. 

S&P also issued a stable outlook and projected recovery in operating performance and profitability. Though, S&P acknowledges that significant restructuring costs will weigh on adjusted EBITDA and free cash flow over leases. 

Kantar announced on April 19 that it had reached a definitive agreement with Vista Equity Partners to acquire Numerator.

Kantar’s Acquisition Details

The deal is valued at $1.4 billion, according to Moody’s. It is anticipated to be completed Q3 2021, subject to the…

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