S&P rates Amtek Global Technologies loan B+

Standard & Poor’s said it assigned its B+ long-term corporate credit rating to Amtek Global Technologies Pte Ltd. The outlook is stable.

S&P also assigned a B+ issue rating to the group’s €235 million senior secured term loan from KKR Credit Advisors (US) LLC and the €30 million revolving credit facility. The recovery rating is 4.

Amtek successfully refinanced its existing financial debt through a five-year €235 million loan from financial sponsor KKR by the beginning of December. As a part of its refinancing plan, Amtek also put in place a five-year revolver for a total of €30 million.

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