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S&P rates Merlin add-on B-
S&P said it gave Merlin Acquisition Corp.’s planned $200 million incremental first-lien term loan a B- issue rating with a 3 recovery rating.
The agency also affirmed Merlin’s B- issuer rating, B- issue-level and 3 recovery ratings on its first-lien debt facilities as well as the CCC issue-level and 6 recovery ratings on its second-lien term loan.
Merlin plans to use the loan to help buy Frontmatec Group ApS.
The outlook is stable.
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