S&P rates Brookfield WEC loan B

S&P said it assigned its B issue-level rating to Brookfield WEC Holdings Inc.'s planned $550 million incremental first-lien term loan due 2025.

“Our issue-level rating on the company's existing term loan remains B with a 3 recovery rating,” the agency said in a press release.

The company plans to use the proceeds, along with a draw on its current credit facilities and cash on the balance sheet, to acquire BHI Energy.

The outlook is stable.

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