S&P gives Stericycle notes BB-

S&P said it assigned its BB- issue-level rating and 5 recovery rating to Stericycle Inc.’s proposed $400 million of senior unsecured notes due 2029.

“We anticipate that the company will use the proceeds from these notes to repay the $200 million outstanding under its revolving facility due Nov. 17, 2022, and the $200 million outstanding under its term loan A due Nov. 17, 2022,” S&P said in a press release.

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