S&P: ECI unchanged on loan upsizing

S&P said the B rating and 3 recovery rating on the first-lien credit facility issued by Electrical Components International Inc., a subsidiary of ECI Holdco Inc., are unchanged following news that ECI is upsizing the loan by $135 million.

The 3 recovery rating indicates 50% to 70% expected default recovery.

The proceeds from this transaction will be used to fund its acquisition of Fargo Assembly Co.

© 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.