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S&P rates Aston Midco loans B-
S&P said it assigned a B- preliminary rating to Aston Midco’s proposed £75 million first-lien senior secured revolving credit facility, and the £510 million multicurrency first-lien senior secured term loans.
The agency also assigned a B- preliminary rating to Aston, which will become the holding company for Advanced Computer Software.
“We are also placing our B issuer credit rating on Air Newco 5 Sarl, Advanced's current holding company, on CreditWatch negative, indicating that we expect to lower the rating to B- when the leveraged buyout closes,” said S&P in a press release.
The outlook is stable.
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