S&P gives OEConnection loan B-

S&P said it gave OEConnection LLC’s planned $75 million delayed-draw term loan a B- rating.

Concurrently, the agency affirmed its B- issuer rating, its B- rating on the company’s first-lien credit facility and CCC issue rating on its second-lien credit facility.

OEConnection intends to secure $150 million of first-lien debt to fund an acquisition.

The stable outlook is unchanged.

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