SAN FRANCISCO (Standard&Poor's) July 13, 2015--Standard&Poor's Ratings Services assigned a preliminary 'B' corporate credit rating to Bothell, Wash.-based EagleView Technology Corp. The outlook is stable. At the same time, we assigned a preliminary 'B' issue-level rating and preliminary '3' recovery rating to the company's $20 million revolving credit facility due 2020 and its $240 million first-lien term loan due 2022. The preliminary '3' recovery rating indicates our expectation for meaningful (50%-70%; at the higher end of the range) recovery in the event of payment default. We also assigned our preliminary 'CCC+' issue-level rating and preliminary '6' recovery rating to the company's proposed $100 million second-lien term loan due 2023. The preliminary '6' recovery rating indicates our
