S&P affirms, withdraws Otter

S&P said it affirmed all of its ratings on Otter Products LLC, including the B+ corporate credit rating, and subsequently withdrew the ratings at the issuer's request.

Otter has refinanced its capital structure and no longer requires credit ratings under its new credit agreements.

At the same time, the agency withdrew the B+ issue-level ratings and 3 recovery ratings on the $100 million revolver due 2019, the $165 million term loan A due in 2019 and the $460 million term loan B due in 2020.

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