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S&P gives TreeHouse loan BB
Standard & Poor's said it affirmed all of its ratings, including its BB corporate credit rating, on TreeHouse Foods Inc.
The outlook is stable.
The agency also assigned its 3 recovery and BB issue-level rating to the company's proposed $200 million tranche A-1 term loan that will be used to fund the Flagstone acquisition.
The new debt, along with borrowings on the company's existing revolving credit facility and more than $350 million in net proceeds from its equity issuance, will fund the company's purchase of Flagstone Foods.
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