S&P rates Angelica B, loan B+

Standard & Poor's said it assigned its preliminary B corporate credit rating to Angelica Corp.

The outlook is stable.

At the same time, the agency said it assigned its preliminary B+ issue rating to the company's $185 million senior secured credit facility, which consists of a five-year $35 million revolving credit facility, a five-year $50 million term loan A, and a six-year $100 million term loan B. The preliminary recovery rating is 2.

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