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Published on 4/16/2021 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P rates U.S. Renal Care loan B-

S&P said it assigned its B- issue-level rating and 3 recovery rating to U.S. Renal Care Inc.'s proposed $150 million term loan. The 3 recovery rating indicates an expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in default.

The rating is the same as U.S. Renal Care’s issuer rating.

The company intends to use the proceeds for general corporate purposes and to pay related fees and expenses.

The outlook is stable.


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