NEW YORK (S&P Global Ratings) Jan. 22, 2020--S&P Global Ratings today said that Maverick US 2 LLC's (also known as Amentum; B/Stable/--) credit metrics would be modestly affected by the proposed changes to the financing of its acquisition by American Securities LLC and Lindsay Goldberg. However, the proposed revisions do not affect our issuer credit, issue-level, or recovery ratings on Maverick US 2. Maverick plans to increase the proposed first-lien term loan by $75 million, with a similar decrease to the equity contribution from the sponsors, resulting in a modest increase in leverage. We now expect debt to EBITDA to be between 5.8x and 6.2x in fiscal 2021 (ending Sept. 30, 2021), compared with our previous expectation of 5.4x-5.8x. The
