S&P rates IFCO Systems, debt B+

S&P said it assigned B+ ratings to IFCO Systems, Irel BidCo Sarl, its financing subsidiary Irel AcquiCo GmbH, and the first-lien debt.

Triton and the Abu Dhabi Investment Authority acquired IFCO Systems for $2.5 billion.

As part of the financing, IFCO raised a seven-year $1.4 billion first-lien term loan B and a $204 million second-lien term loan B.

The outlook is stable.

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