S&P rates United Talent loan B+

S&P said it assigned a B+ rating to United Talent Agency LLC's planned $250 million nonfungible incremental term loan.

The rating is the same as UTA’s outstanding loans.

UTA plans to use the proceeds to pay down its revolver balance, fund cash to its balance sheet for general corporate purposes and fund potential future mergers and acquisitions.

The outlook is stable.

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