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S&P Global Ratings downgrades Dream Finders Homes following acquisition of Visor Homes

Investing.com ·

DFH
DFH Dream Finders Homes Inc
$9.02 -5.94%
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  1. 1S&P Global Ratings lowered the credit rating of Dream Finders Homes Inc from 'BB-' to 'B+' due to the $2.2 billion all-cash acquisition cost.
  2. 2Dream Finders' debt-to-EBITDA ratio threshold of 5x is projected to be maintained through 2028.
  3. 3Dream Finders' corporate scale will transform with pro forma annual revenue of $6.2 billion.

So what's the key point?

S&P Global Ratings lowered the credit rating of Dream Finders Homes Inc from 'BB-' to 'B+' due to the $2.2 billion all-cash acquisition cost.

Source Investing.com · View original ↗

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