EG Group ramps up acquisition spree with third deal

UK petrol station operator EG Group has announced a third debt-financed acquisition, heaping further pressure on its credit metrics, which rating agencies have already warned are under strain.

  • 22 Feb 2018

However, a source close to the company said the borrower’s lending group was “comfortable and supportive” of the acquisition strategy, although stopped short of explicitly saying the borrower was confident it could maintain its credit rating throughout the swathe of debt-fuelled acquisitions.

EG Group, rated B2/B/B, has ...

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