S&P rates LI Group loan B

S&P said it assigned its B issue-level and 3 recovery ratings to LI Group Holdings Inc.'s (Liaison's) new seven-year $300 million first-lien term loan. The 3 recovery rating reflects an expectation of meaningful recovery (50-70%; rounded estimate: 50%) in default.

S&P’s issuer rating for LI Group is B.

The company intends to use the proceeds to refinance its $273 million term loan, with incremental proceeds providing additional liquidity.

© 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.