...+ Genstar Capital LLC has announced that an affiliate has entered into an agreement to acquire Aretec Group Inc. + Genstar will fund the acquisition by raising roughly $1 billion in debt and an equity contribution. This will result in a more stable capital structure for Aretec Group, albeit with high leverage. + We are assigning our 'B-' issuer credit rating to Aretec Group. At the same time, we assigned our 'B-' issue rating on the company's proposed first-lien revolving credit facility and term loan, and our '###' rating on the company's proposed second-lien term loan. + The stable outlook reflects our expectation that over the next 12 months Aretec Group will operate with leverage, as measured by debt to EBITDA as defined by the company's credit agreement, in the 4.5x-5.5x range following the close of the acquisition by Genstar. Further, we expect the company will maintain its stabilized advisor retention rates and continue to limit its exposure to market and credit risks. NEW YORK (S&P...
