NEW YORK (S&P Global Ratings) Feb. 14, 2023--S&P Global Ratings today said that its ratings on equipment manufacturer Engineered Machinery Holdings Inc. (doing business as Duravant; B-/Stable/--), including our issue-level and recovery ratings on the first- and second-lien credit facilities, are unaffected by the company's proposed $130 million first-lien term loan add-on. Duravant plans to use the proceeds from the add-on to repay the outstanding drawings under its revolving credit facility that it used to fund its recent acquisitions of Marelec and Multiscan. Our 'B-' issue-level rating and '3' recovery rating on the first-lien facilities are unaffected by the proposed transaction. The '3' recovery rating indicates our expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of a
