DBRS Rates YPG Holdings Inc.’s $300 Million Notes Issuance at BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) to YPG Holdings Inc.’s (YPG or the Company) $300 million Medium-Term Notes (the Notes) issue. The trend is Stable.

The Notes were issued under the June 20, 2008 base shelf prospectus, have a coupon of 7.75% and are set to mature in March 2020.

The Notes will be unsecured direct obligations of YPG – fully and unconditionally guaranteed by its operating and other subsidiaries and will rank pari passu with all other unsecured and unsubordinated debt of YPG and its guarantors.

DBRS expects YPG to use the proceeds from this Notes issue for debt refinancing and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Media, which can be found on our website under Methodologies.

This is a Corporate (Publishing& Media) rating.