Credit Ratings

HBX Group has been assigned a Ba3 long-term Corporate Family Rating and Ba3 rating for the €600 million backed senior secured term loan B due 2032 from Moody’s, and a BB- rating for the Group and senior secured term loan B from S&P, both with a stable outlook.

Agency Corporate Term loan B Outlook Evaluation date Research link
Moody's Ba3 Ba3 Stable 12.03.2025 Moody’s
S&P BB- BB- Stable 11.03.2025 S&P

Debt Facilities

Issuer Tranche Issue date Issue amount (€) Interest Due date
HBX International LTD Term Loan B 2025 600,000,000 Euribor + 2.75% 2032
HBX International LTD Term Loan A 2025 600,000,000 Euribor + 2.00% 2030
HBX International LTD Revolving Credit Facility (Undrawn) 2025 400,000,000 Euribor + 2.00% 2030

Updated: April, 2025