S&P changes Option Care view to positive

S&P said it revised the outlook for Option Care Health Inc. to positive from stable and affirmed the B- ratings on the company and its senior secured term loan. The 3 recovery rating is unchanged.

“Our outlook revision reflects a decline in adjusted leverage to about 6.5-7x following the company's debt pay down. The company recently announced an equity offering, the proceeds of which it will use to pay down debt, demonstrating the desire to reduce leverage,” S&P said in a press release.

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