25 Jul 2018
Perstorp upgraded to B- by S&P
Perstorp July 25, 2018 - S&P Global Ratings announced on 23 July 2018 that it has upgraded its long-term issuer credit rating for Perstorp Holding AB to B-. The outlook is stable. Concurrently, S&P announced that it is raising the issue rating on Perstorp’s Euro and USD Senior Secured Notes to B and that it is raising the issue rating on the Company’s Second Lien Secured notes to CCC and the issue rating on Prague CE Sarl’s Subordinated Notes to CCC.
According to S&P, the upgrade reflects Perstorp’s sustained EBITDA growth and deleveraging, having seen strong volume growth in its main business lines over the past several quarters.
“We are pleased to see our investment discipline and performance reflected in this upgrade decision. This should further increase our financial flexibility and the potential to lower our future cost of capital”, says Magnus Heimburg, Chief Financial Officer of Perstorp.
“We remain committed to high value growth and margin sustainability while continuing to improve our credit metrics”, Magnus Heimburg concludes.
Perstorp Holding AB
SE-211 20 Malmö
+46 435 380 00
Notes for editors
A global leader in high growth niches
The Perstorp Group, a trusted world industrial leader, places focused and market-driven innovation at your fingertips. Our culture of performance builds on 130 years of experience and represents a complete chain of solutions in organic chemistry, process technology and application development. As the global leader in high growth niches, such as powder and UV cured coatings, plasticizers, synthetic lubricants and grain preservation, we are committed to develop products providing essential properties to enhance the quality, performance and profitability of our customers’ products and processes. As we look to the future, we strive for the development of smarter and safer products and sustainable processes that reduce environmental impact and create real value in end-products. Perstorp has approximately 1,600 employees and manufacturing units in Asia, Europe and North America. Sales in 2016 amounted to more than SEK 11,3 billion. Discover your winning formula at www.perstorp.com.