|Bid||0.00 x 24600|
|Ask||0.00 x 50900|
|Day's Range||42.58 - 43.40|
|52 Week Range||18.63 - 45.52|
|Beta (5Y Monthly)||1.84|
|PE Ratio (TTM)||11.13|
|Earnings Date||Apr 29, 2021|
|Forward Dividend & Yield||1.75 (4.05%)|
|Ex-Dividend Date||Oct 06, 2020|
|1y Target Est||N/A|
Rating Action: Moody's assigns B3 rating to EG Group's proposed new senior secured notesGlobal Credit Research - 01 Mar 2021London, 01 March 2021 -- Moody's Investors Service, ("Moody's") has today assigned a B3 rating to the senior secured debt of $1.4 billion (USD equivalent) due March 2026 split between senior secured notes issued by EG Global Finance plc and a term loan B issued by EG America LLC. All issuers are fully-owned subsidiaries of EG Group Limited (EG or the company). Concurrently, Moody's has assigned a Caa2 rating to the proposed second lien debt of $400 million (USD equivalent) issued by EG Finco Limited. The outlook on the ratings remains stable.The issuance is intended to fund the acquisition of the forecourt business from ASDA (Bellis Finco PLC, Ba2 stable) for an enterprise value of GBP750 million ($1,024 million) as well as forecourt business of OMV AG (A3 negative) in Germany for a consideration of E485 million ($582 million).
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of OMV AG 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service, ("Moody's") has today assigned a Baa2 rating to the proposed junior subordinated ("hybrid") notes to be issued by OMV AG ("OMV"). OMV's existing ratings remain unchanged. The Baa2 rating assigned to the proposed hybrid notes is two notches below OMV's A3 issuer rating, because they will be deeply subordinated to the senior unsecured backed obligations of OMV and its subsidiaries and rank senior only to common and preferred shares.