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S&P rates Ahead DB loans B
S&P said it assigned a B rating to a $440 million senior secured term loan and a $65 million senior secured revolver issued to Ahead DB Borrower LLC, which does business as Ahead Data Blue.
Proceeds will help with the combination of Ahead LLC and Data Blue LLC and to refinance their debt.
S&P also assigned a B rating to Ahead Data Blue and a recovery rating of 3 to the loans.
The outlook is stable.
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