S&P gives Advantage Sales loan BB-

S&P said it assigned its BB- issue-level rating to Advantage Sales & Marketing Inc.'s planned repriced $1.146 billion term loan B due 2027. The borrower is a unit of Advantage Solutions Inc.

Advantage plans to amend its term loan to reduce pricing. All other terms, including maturity, will remain the same.

All other ratings, including the BB- ratings on Advantage’s other senior secured debt, are unchanged, S&P said.

The outlook is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.