S&P rates Wittur loan B-

S&P said it assigned a preliminary B- rating to Wittur International Holding GmbH’s proposed €530 million term loan. Also planned is €240 million of second-priority senior secured debt that won’t be rated.

The debt will be used to refinance Wittur’s existing capital structure.

The agency also affirmed Wittur’s B- rating.

The outlook is stable.

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