S&P gives DTN loan B+

Standard & Poor's said it assigned its B+ bank loan rating and 3 recovery rating to DTN Inc.'s (formerly named Data Transmission Network Corp.) proposed $267 million first-lien credit facilities.

The bank loan rating, the same as the corporate credit rating and the recovery rating reflect S&P's expectation for a meaningful recovery of principal in a simulated payment default.

The facilities consist of a $25 million four-year revolving credit facility and a $242 million six-year term loan C, the agency said, noting that proceeds will be used to refinance the company's existing $180 million first-lien and $60 million second-lien facilities.

At the same time, S&P said it revised its outlook on the company to stable from negative.

In addition, S&P said it affirmed its B+ corporate credit rating.

According to the agency, the ratings on DTN reflect the company's heavy debt levels attributable to a $100 million special dividend paid in March 2006.

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