S&P: Pro Mach facility unchanged on upsizing

S&P said that its B- issue-level rating and 3 recovery rating on Pro Mach Group Inc.'s first-lien credit facility are unchanged following the company's announcement that it is upsizing the loan by $160 million, which includes $110 million funded at close and a $50 million delayed draw feature.

The 3 recovery rating reflects an expectation for meaningful (50%-70%; lower half of the range) recovery in a simulated default scenario.

All other ratings on Pro Mach Group also remain unchanged.

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