S&P rates Kaman loans B, CCC+

S&P said it rated Kaman Distribution Group’s parent, LJ Ruby Holdings LLC, B on its proposed sale to Littlejohn & Co., LLC.

The outlook is stable.

S&P assigned a B issue-level rating and 3 recovery rating to the company’s proposed $320 million first-lien term loan due 2026, and a CCC+ issue-level rating and 6 recovery rating to the proposed $115 million second-lien term loan due 2027.

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