Fitch shifts Forcepoint view to positive

Fitch Ratings said it changed the outlook for Panther Guarantor II, LP, Panther Purchaser LP and Panther Commercial Holdings, LP, collectively Forcepoint, to positive from stable and affirmed their issuer default ratings at B+.

The agency also affirmed Forcepoint's $75 million secured revolving credit facility and $680 million first-lien secured term loan at BB+/RR1. Panther Purchaser and Panther Commercial Holdings are the loans’ co-issuers.

“The positive outlook reflects the strengthening operating and financial profiles as the company's EBITDA margins continue to expand and approach normalized levels. The company successfully optimized operations after its separation from Raytheon Technologies in January 2021, eliminating risks associated with the separation,” the agency said in a press release.

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