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Prospect News home > News index > List of issuers M > Headlines for Maverick Bidco, Inc. > News item |
S&P rates Mitratech add-on B-
S&P said it rated Mitratech’s (Maverick Bidco Inc.) planned $225 million incremental first-lien term loan B- with a 3 recovery rating. The company also plans to upsize its revolver by $30 million
The agency’s other ratings, including the B- issuer and first-lien loan ratings, are unchanged.
Mitratech plans to use the loan and new common equity to fund two proposed acquisitions.
The outlook is stable.
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