...March 4, 2025 This report does not constitute a rating action. LONDON (S&P Global Ratings) March 4, 2025--S&P Global Ratings today said that it views LGC Science Group Holdings Ltd.'s (LGC's) plans to upsize, amend, and extend its senior secured term loan facilities as modestly positive. The transaction addresses LGC's refinancing needs by extending the term loan maturities by three years to January 2030 while freeing up capacity under the revolving credit facility to improve liquidity. That said, the transaction will not materially affect LGC's credit quality from a credit metrics perspective. We acknowledge the U.K.-based life sciences measurement and testing solutions company has been gradually recovering from recent transitional headwinds, including customer destocking and biotech funding constraints, leading to improved operating performance since the beginning of fiscal year 2025 (ending March 31, 2025). However, group-wide restructuring and organic investments are ongoing. We therefore...
