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S&P MAG DS, facility B
S&P said it assigned B ratings to MAG DS Corp. and its planned first-lien credit facility, which consists of a $60 million revolver and a $291 million term loan B. The recovery rating is 3.
The loan proceeds will be used to acquire Aaski Technology Inc. resulting in leverage ranging from 5.5x-6x, the agency said.
The outlook is stable.
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