S&P rates Carroll County Energy loans BB

S&P said it assigned a BB rating to Carroll County Energy LLC's senior secured debt. The preliminary 1 recovery rating indicates an expectation of very high (90%-100%; rounded estimate: 95%) recovery in the event of default.

The outlook is stable.

Carroll County Energy has issued a $456.5 million senior secured term loan B due 2026 and $60 million senior secured revolving credit facility and $10 million working capital facility due 2026. CCE used proceeds from the issuance primarily to refinance the prior construction term loan and fund a distribution to sponsors.

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