S&P assigns B to Allied Universal loan

S&P said it assigned a B issue rating to Allied Universal Holdco LLC's planned $400 million incremental nonfungible first-lien term loan facility due May 2028.

The B issue and 3 recovery ratings on Allied Universal’s other senior secured debt and CCC+ issue and 6 recovery ratings on its senior unsecured debt are unchanged, the agency said.

The company will use proceeds to pay down borrowings under the company's asset-based lending facility.

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