Fitch downgrades Eisner revolver to B+

Fitch Ratings said it downgraded Eisner Advisory Group, LLC's revolving credit facility to B+/RR3 from BB/RR1 following an amendment to the credit agreement that removed the super-priority treatment. The agency also removed the rating watch negative. Fitch also affirmed Eisner's secured debt at B+/RR3.

“Eisner amended its credit agreement to remove the super-priority treatment the revolver had previously received. Fitch has downgraded the revolver facility rating as it now ranks pari passu with the company's senior secured debt. Along with removing the super priority, the company upsized the revolver to $130 million from $50 million,” the agency said in a press release.

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