DUBLIN (S&P Global Ratings) April 25, 2022--S&P Global Ratings said today that the additional debt Ireland-based waste management services company Beauparc issued, through Broom Holdings Bidco Ltd. (B/Stable/--), will only moderately increase leverage. Beauparc successfully issued a fungible €90 million add-on to its €555 million senior secured term loan due August 2028. The issue and recovery ratings on the senior secured term loan are 'B' and '3', respectively. The company will use the proceeds to repay drawings on its senior revolving credit facility (RCF) and add cash to the balance sheet to fund acquisitions and for general corporate purposes. Beauparc used the RCF drawings to fund two recent acquisitions in the U.K. and Ireland, respectively, with a full-year EBITDA contribution
