S&P: Keurig Green Mountain repays all debt

Standard & Poor’s said it withdrew the BB corporate credit rating on Keurig Green Mountain Inc. and the BBB- rating on the company’s $250 million senior secured first-lien term loan A due 2016.

The proceeds from a new $1.8 billion unsecured revolving credit facility will be used to repay all outstanding amounts under the existing $1 billion revolving credit facility and term loan A, S&P said.

Subsequently, the company requested that the agency withdraw all of the ratings as it no longer has any rated debt outstanding.

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