Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.

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Superior Plus Corp > Moody's view on sale of Specialty Chemical as credit negativ

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Comment by SwissBanker96on Feb 22, 2021 4:48am

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Post# 32623993

RE:RE:Moody's view on sale of Specialty Chemical as credit negativ

I guess it's because of the acquisitions Superior will be doing:

"Debt to EBITDA is expected to remain around 3.5x over the next two years as the lost Specialty Chemicals EBITDA is offset by the reduced debt in 2021, and in 2022 the increasing propane EBITDA is offset by the increase in debt driven by acquisitions."

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