CHICAGO (S&P Global Ratings) June 24, 2019--S&P Global Ratings today said that digital marketing services company Red Ventures Holdco L.P.'s (BB-/Stable/--) $425 million term loan B add-on will provide it with financial flexibility for future acquisitions and investments because we expect it to use the proceeds from the transaction to pay down its outstanding revolver balance. The transaction is leverage neutral and our ratings and outlook on Red Ventures, including our 'BB-' issue-level rating and '3' recovery rating (50%-70%; rounded estimate: 65%) on its senior secured first-lien debt, are unaffected. In addition, Red Ventures recently increased the size of its revolving credit facility to $754 million from $632 million. We expect that the company will have full availability under its
