S&P rates ConvergEx loans B+

Standard & Poor's said it assigned a preliminary issue-level rating of B+ to ConvergEx Group's proposed $175 million credit facility, which will consist of a $150 million first-lien term loan and a $25 million revolver.

S&P's existing ratings on ConvergEx Group LLC, including the B issuer credit rating, will remain on CreditWatch with developing implications until the sale of its software platform is completed.

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