S&P rates HelpSystems loan B-

S&P said it assigned its B- issue-level and 3 recovery ratings to HS Midco Inc.’s (HelpSystems) $145 million euro-equivalent incremental first-lien term loan. HS Purchaser LLC is the borrower.

Proceeds and a privately placed and unrated $60 million second-lien term loan will be used to fund an acquisition focused on secure data transfer.

“Our B- issuer credit rating on HelpSystems and B- issue-level and 3 recovery rating on its first-lien credit facility are unchanged,” S&P said in a press release.

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