S&P assigns OneDigital loan B

S&P said it assigned B issue and 3 recovery ratings (50%-70%; rounded estimate: 50%) to OneDigital Borrower LLC's $325 million incremental first-lien term loan B due 2027.

The agency’s B ratings on OneDigital and its outstanding loans are unchanged.

OneDigital is expected to use the loan to finance acquisitions currently under letters of intent and add cash to the balance sheet for future acquisitions.

The outlook is stable.

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