S&P elevates Astra loan to B

S&P said it raised its issue-level rating on Astra Acquisition Corp. (Anthology)’s senior secured first-lien term loan to B from B- and affirmed the B- issuer credit rating on Anthology.

S&P also affirmed the stable outlook.

Anthology paid down about $525 million of its existing $1.3 billion first-lien term loan, resulting in improved financial metrics and its first-lien term loan becoming a smaller portion of its total outstanding debt, S&P said in a news release.

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