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Prospect News home > News index > List of issuers I > Headlines for Instant Brands Holdings Inc. > News item
Published on 6/13/2023 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

S&P axes Instant Brands

S&P said it downgraded its ratings for Instant Brands Holdings Inc. and its $450 million first-lien term loan due in 2028 to D from CCC-. The 3 recovery rating on the loan is unchanged.

The downgrades follow Instant Brands filing for protection under Chapter 11 of the U.S. Bankruptcy Code on Monday, the agency said.


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