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S&P rates New Centaur loan B+, CCC+
Standard & Poor's said it assigned its B corporate credit rating to New Centaur LLC.
The outlook is positive.
At the same time, S&P assigned the company's $480 million first-lien credit facility its B+ issue-level rating (one notch higher than the B corporate credit rating) with a recovery rating of 2.
The agency also assigned the company's $175 million second-lien term loan our CCC+ issue-level rating (two notches below the B corporate credit rating) with a recovery rating of 6.
The first- and second-lien credit facilities are borrowed at Centaur Acquisition LLC, a subsidiary of New Centaur LLC, and guaranteed by New Centaur LLC and its subsidiary Hoosier Park LLC.
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