S&P assigns Avison Young loan B-

S&P said it assigned a B- rating to Avison Young (Canada) Inc.’s new $50 million senior secured term loan. Additionally, the agency affirmed the B- ratings on Avison and its outstanding term loan due 2026. The recovery rating on the new and existing term loan is 3, indicating meaningful (50%-70%; rounded estimate: 50%) recovery in default.

Avison will use the proceeds for funding acquisitions.

The outlook is stable.

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