S&P rates Sedgwick loan B

S&P said it assigned a B rating with a 3 recovery rating to a proposed $1.1 billion incremental first-lien term loan for Sedgwick Inc. and subsidiary Sedgwick Claims Management Services Inc.

The loan will be used by Sedgwick to acquire York Risk Services Holding Corp.

S&P also affirmed its B rating for Sedgwick and Sedgwick Claims.

The outlook is stable.

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