Fitch gives Univar loan BBB-

Fitch Ratings said it gave Univar Solutions Inc.’s planned seven-year first-lien senior secured term loan BBB-/RR2 ratings.

Fitch affirmed Univar’s BB+ issuer rating, its senior secured asset-based lending facilities at BBB-/RR1, the senior secured term loans B-3 and B-5 at BBB- with revised recovery ratings (RR) of RR2 from RR1 and the senior unsecured bonds at BB+/RR4'.

Proceeds are intended to refinance the first-lien term loan B-3 debt.

The outlook remains stable.

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