NEW YORK (S&P Global Ratings) Oct. 25, 2016--S&P Global Ratings said today that it assigned its 'B+' senior secured debt rating and a '2' recovery rating (indicating an expectation of substantial [70%-90%] recovery in case of default; lower half of the range) to Asurion LLC's $1.0 billion first-lien bank loan B-5 due 2023. Aside from the maturity, the facility is subject to the same terms and conditions as the existing first-lien term bank loan B-4 due 2022. Asurion will use the proceeds of the loan to partially repay the outstanding $1.798 billion on its first-lien term bank loan B-1 due 2019, reducing the balance on that loan to $798 million. We do not expect our assessment of the company's highly
