S&P rates Harlan loan B-

S&P said it assigned a B- rating to a proposed loan facility for Harlan Group Parent LLC. The facility will consist of a $425 million first-lien term loan and $50 million revolving credit facility.

The agency also assigned a B- rating to the newly formed company.

“Our rating on Harlan reflects its position as a small, multi-brand restaurant operator pursuing elevated new unit growth during the late stages of the current business cycle,” said S&P in a press release.

The outlook is stable.

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