This report does not constitute a rating action. BOSTON (S&P Global Ratings) May 1, 2025--S&P Global Ratings today said that Engineered Machinery Holdings Inc. ?s (dba Duravant; B-/Stable/--) proposed €180 million first-lien term loan, which is incremental to the existing €493.2 million first-lien term loan, will modestly increase cash interest expense. However, the incremental debt does not impair our forecast for S&P Global Ratings-adjusted leverage to improve, but remain high, in the high-6x area, through 2025. The company will use the proceeds to help fund the acquisition of Pattyn, a provider of integrated automation systems and value-added services within the food and ingredients end markets. Our ?B-? issue level rating and ?3? recovery rating on the company?s first-lien credit facilities,
