Leveraged Loans: S&P cuts rating for Carlyle-backed Extreme Reach


Extreme Reach Inc, Carlyle Group, advertising, private equity
  • S&P pares corporate-credit rating to B-
  • Outlook is negative
  • Carlyle Group acquired Extreme Reach in June 2014
 Extreme Reach’s potentially narrow margin of compliance with its leverage covenants in the next year and a half prompted Standard & Poor’s to cut its rating on the ad-services company. S&P pared its corporate-credit rating on Extreme Reach to B- from ...

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