S&P rates Mitratech add-on B-

S&P said it rated Mitratech’s (Maverick Bidco Inc.) planned $225 million incremental first-lien term loan B- with a 3 recovery rating. The company also plans to upsize its revolver by $30 million

The agency’s other ratings, including the B- issuer and first-lien loan ratings, are unchanged.

Mitratech plans to use the loan and new common equity to fund two proposed acquisitions.

The outlook is stable.

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