S&P rates I-Logic facility B

S&P said it assigned a B rating with a 3 recovery rating to I-Logic Technologies BidCo Ltd.’s first-lien senior secured credit facility, which includes a $20 million revolver and a $1.85 billion term loan B both maturing 2027. The 3 recovery rating indicates an expectation of meaningful recovery (50%-70%; rounded estimate: 60%).

Dealogic plans to combine with Acuris to form ION Analytics. S&P confirmed Dealogic’s B issuer rating. Loan proceeds will be used for the merger.

The outlook is stable.

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