S&P gives B+ to Lonestar II Generation loan

S&P assigned its final B+ issue-level rating and 1 recovery rating to Lonestar II Generation Holdings LLC’s $300 million of senior secured credit facilities issued in April consisting of a $250 million term loan B, a $30 million term loan C and a $20 million revolving credit facility.

The outlook is stable.

The final rating follows a preliminary B+ rating, and the stable outlook reflects the rating agency’s expectation that Lonestar II will maintain a minimum debt service coverage ratio of at least 3x throughout the life of the assets, S&P said in a news release.

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