NEW YORK (Standard&Poor's) Dec. 1, 2010--Standard&Poor's Ratings Services today said its ratings on Renfro Corp. (B/Stable/--) are not immediately affected by the company's announcement of an amendment and extension of its credit facility to fund an acquisition. On Nov. 30, 2010, the company announced it had launched a deal that includes a $55 million add-on to the company's existing term B debt that now matures 2016, extended from 2013. As of Nov. 30, 2010, the company had $108.5 million outstanding on its term B debt. The preliminary pricing on the upsized term loan B is LIBOR plus 500-525 basis points with a 1.75% LIBOR floor. As of July 30, 2010, adjusted leverage was 3.5x. After this
