NEW YORK (S&P Global Ratings) Oct. 12, 2020--S&P Global Ratings today said its 'BB-' issue-level and '1' recovery ratings on Corelle Brands Holdings Inc.'s $200 million first-lien term loan B due 2024 are unchanged following the company's refinancing of the existing $150 million asset-based loan (ABL) due 2022 and C$90 million ABL due 2021, with a new $250 million ABL due 2025. Simultaneously, the company amended its $200 million first-lien term loan B agreement to include Canadian collateral for the first-lien term loan B lenders. A $25 million draw on the new $250 million ABL along with $92 million of cash from the balance sheet funded the repayment of its $75 million outstanding side-car term loan due 2021 and $37
