DBRS Assigns Provisional Rating of BBB (high) to Finning’s Senior Unsecured Notes

DBRS Limited (DBRS) assigned a provisional rating of BBB (high) with a Stable trend to the Senior Unsecured Notes due September 29, 2021 (the Notes) of Finning International Inc. (Finning or the Company). The Notes rank pari passu with exiting senior unsecured obligations of the Company. Proceeds from the issuance of the Notes will be used to repay outstanding indebtedness.

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

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The principal methodology is Rating Companies in the Capital Goods Dealership Industry (May 2017), which can be found on our website under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.