S&P: RedPrairie unaffected

Standard & Poor's said that RedPrairie Corp.'s announced upsizing of its proposed term loan to $360 million from $340 million does not affect the B+ corporate credit rating on the company.

The B+ issue-level rating and 3 recovery rating on the company's proposed credit facilities are also unchanged.

The company increased the proposed dividend by $9 million to $145 million from $136 million and it will hold the incremental $11 million of proceeds on the balance sheet.

S&P said the upsizing modestly increases March 2012 pro forma leverage to the low-5x area from about 5x.

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