SAN FRANCISCO (S&P Global Ratings) Dec. 9, 2020--S&P Global Ratings said today that its ratings and outlook on Milwaukee-based Cardinal Parent Inc. (B-/Stable/--) are unaffected by the announcement of its definitive agreement to acquire Insurance Technologies Corp. (ITC) for $350 million. We expect the transaction to close in December 2020. In conjunction with the transaction, we expect Zywave will increase the amount of its first-lien term loan by $121.5 million to $453 million, its second-lien term loan by $49.5 million to $196 million, its preferred equity investment by $45 million to $175 million, and contribute an additional $147 million of equity. Also, of the two companies that were previously under a letter of intent and were included in our initial
