S&P revises Lineage Logistics view to stable

S&P said it revised its outlook on Lineage Logistics LLC to stable from positive.

“The outlook revision follows Lineage's announcement that it has entered into an agreement to acquire Preferred Freezer Services,” S&P said in a news release.

“Like Lineage, Preferred Freezer is a cold storage logistics firm that mainly operates refrigerated warehouses in the U.S. It also arranges transportation services for its customers. Although the company has not disclosed final terms, we expect the transaction to be financed with a combination of additional debt and an equity contribution from the Lineage's existing owners.”

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