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Fitch rates Chariot Buyer add-on B
Fitch Ratings said it rated Chariot Buyer LLC's planned incremental first-lien term loan B/RR3 due 2028.
The agency said it also affirmed the ratings of Chariot Parent LLC and Chariot Buyer (Chamberlain Group LLC), including the long-term issuer default ratings at B- and the B/RR3 ratings of the company's first-lien secured revolver and existing term loan, due 2026 and 2028, respectively.
The new loan will be used to repay the company's $600 million second-lien term loan.
The outlook is stable.
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