Fitch Rates H&R Block's $600MM Sr. Unsecured Notes 'BBB'; On Rating Watch Negative (Centre Daily Times)

Story date: 2008-01-10 09:40:06
Added on: 2008-01-10 10:00:13

Fitch Ratings has assigned a 'BBB' rating to Block Financial Corp.'s $600 million 7.875% senior unsecured notes due October 2013. Proceeds from the offering will be utilized to refinance approximately $475 million of a $500 million bridge loan. The remaining proceeds of approximately $125 million are for general corporate purposes.


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