Announcements


BEC-14: Is a Bidder required to submit credit ratings and financial information for the Entity on whose financial standing it is relying in the Part 1 Proposal?

In its Part 1 Proposal, a Bidder must provide, for the Entity on whose financial standing it is relying, any available ratings, including the type of rating, from the following rating agencies: S&P Global Ratings (“S&P”), Moody’s Investors Service (“Moody’s”), and Fitch Ratings (“Fitch”).

In its Part 1 Proposal, a Bidder, must provide certain financial information related to the Entity, namely: (i) the most recent audited annual financial information (if available, the SEC Form 10-K should be submitted to fulfill this requirement); (ii) the most recent quarterly financial data (if available, the SEC Form 10-Q should be submitted to fulfill this requirement); and (iii) any public financial disclosure made since the release of the entity’s most recent financial data (if available, SEC Forms 8-K should be submitted to fulfill this requirement).

If any such information for the Entity is not available, the Bidder must state so in the Part 1 Proposal.