S&P rates Olympus Water loan B-

S&P said it assigned its B- issue-level rating and 3 recovery rating to Olympus Water US Holding Corp.'s $796 million first-lien senior secured term loan.

Olympus Water US Holding Corp. is a debt-issuing subsidiary of Solenis Holding Ltd.

The company will use the proceeds to refinance all of its outstanding $500 million incremental term loan B due November 2028 and $296 million incremental term loan B due November 2028. The term loans were issued at Olympus Water US Holding Corp.

All ratings including the B- issuer credit rating, are unchanged.

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