S&P rates FGI Acquisition loans B-

S&P said it assigned a B- rating with a 3 recovery rating to FGI Acquisition Corp.’s proposed $27.5 million revolver and $200 million first-lien term loan. The 3 recovery rating indicates S&P’s estimate for meaningful recovery (50%-70%; rounded estimate: 50%).

The agency also assigned a B- rating to FGA, which does business as the Flexitallic Group.

The outlook is stable.

© 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.