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

Extreme Reach Inc, Carlyle Group, advertising, private equity
Shot of Times Square and its electronic billboards courtesy focusstock/E+/Getty Images
  • 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 ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition


To read a digital copy of our latest magazine

click here

PE News Briefs