S&P rates Acrisure loan B

S&P said it assigned its B first-lien debt rating to Acrisure LLC's $500 million incremental term loan B due 2023.

The 3 recovery rating indicates an expectation of meaningful (60%) recovery in case of default.

Aside from the pricing, the facility is subject to the same terms and conditions as the existing term loan B, the agency said.

The issuer ratings on Acrisure are unaffected by the upsize of the transaction that was previously rated, S&P said.

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