S&P rates Advisor Group notes B-

S&P said it assigned its B- issue credit rating to Advisor Group Holdings Inc.'s planned offering of $475 million of senior secured notes due 2027.

“We rate the new issue in line with our B- long-term issuer credit rating on Advisor Group, which remains unchanged by this transaction,” S&P said in a press release.

The company will use proceeds to fund the recently announced acquisitions of Infinex Financial Holdings Inc. and American Portfolios Financial Services Inc. and add cash to the balance sheet.

The outlook is stable.

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