...NEW YORK (S&P Global Ratings) February 20, 2018--S&P Global Ratings said today that its ratings and outlook on NEWAsurion Corp. are unaffected by the company's proposed repricing of its $3.338 billion first-lien term loan B-6, due 2023. Our 'B+' issue-level and '3' (60%) recovery ratings on its senior secured revolving credit facility and first-lien term loan B-4 as well as our 'B-'issue-level and '6' (5%) recovery ratings on its second-lien term loan also remain unchanged. The company expects the interest on the senior secured term bank loan B-6 to improve by approximately 25 basis points from its current level of LIBOR plus 3.0%. While providing a modest benefit to coverage ratios, the re-pricing does not materially change our view on the company's financial risk profile, which we assess as highly levered. Financial leverage as of the year ended Dec. 31 2017 is about 4.1x. EBITDA coverage is above 2x. Only a rating committee may determine a rating action and this report does not constitute...
