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S&P rates Olympus Water loan B-
S&P said it assigned its B- issue-level rating and 3 recovery rating to Olympus Water US Holding Corp.'s $796 million first-lien senior secured term loan.
Olympus Water US Holding Corp. is a debt-issuing subsidiary of Solenis Holding Ltd.
The company will use the proceeds to refinance all of its outstanding $500 million incremental term loan B due November 2028 and $296 million incremental term loan B due November 2028. The term loans were issued at Olympus Water US Holding Corp.
All ratings including the B- issuer credit rating, are unchanged.
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