|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.06 - 21.51|
|52 Week Range||16.81 - 27.05|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 14, 2019 - Nov 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.76|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of OCI N.V. Frankfurt am Main, October 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of OCI N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") has today affirmed OCI N.V.'s (OCI) corporate family rating (CFR) and probability of default rating at Ba2 and Ba2-PD, respectively. Furthermore Moody's has assigned a Ba3 instrument rating to the company's proposed $1.1 billion senior secured notes offering and has upgraded to Ba3 from B1 the instrument ratings of the existing $650 million and EUR400 million notes issued by OCI N.V. The change of the outlook on OCI's ratings reflects the company's high leverage and weaker than expected FCF generation.
Consolidated Energy Limited ("CEL") and OCI N.V. (OCI.NX) have today announced that their subsidiary Natgasoline LLC, the largest methanol production facility in the United States and one of the largest globally, has priced around $900 million of new senior secured debt financing, including a $565 million Term Loan B facility (the "Term Loan B") and $336 million of bonds in the US tax-exempt market to be issued by the Mission Economic Development Corporation, the proceeds of which will be loaned to the company. As part of the revised financing structure, Natgasoline has also secured a $60 million revolving credit facility (the "Revolving Credit Facility") that will not be drawn at closing.