Ardonagh debt increases to £2bn; Moody’s maintains sub-prime debt rating
The major refinancing at PE-owned Ardonagh has increased the group’s overall debt burden to £2bn, the equivalent of circa 8x its annual Ebitda earnings.
The major refinancing at PE-owned Ardonagh has increased the group’s overall debt burden to £2bn, the equivalent of circa 8x its annual Ebitda earnings.