S&P rates Alight loan BB-

S&P said it assigned its BB- issue-level rating to Tempo Acquisition LLC's (Alight Solutions) new term loan B in a refinancing transaction.

“This does not materially change the terms of the $2.5 billion loan but improves pricing by 25 basis points. Our recovery rating of 2 (rounded estimate: 70%) is therefore unchanged.

“We continue to forecast adjusted leverage will decline below 6x by year-end 2023,” the agency said in a statement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.