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S&P assigns ADMI loan B
S&P said it assigned a B rating with a 3 recovery rating to ADMI Corp.’s $1.2 billion incremental first-lien term loan. The company also plans to upsize its revolver to $250 million from $75 million.
ADMI will use the proceeds to help it acquire CC Dental Implants Holding, LLC.
S&P affirmed the B ratings on ADMI, its first-lien term loan and upsized revolver.
The outlook is negative.
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