S&P assigns B- to Liquid Tech loans

S&P said it assigned a B- issuer credit rating to Liquid Tech Solutions Holdings LLC, the borrower of a proposed $50 million first-lien revolving credit facility and a $300 million first-lien term loan.

S&P also assigned B- issue-level and 3 recovery ratings to the company's first-lien credit facility. The 3 recovery rating reflects an expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a payment default.

The outlook is stable.

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