...+ U.S.-based private equity group Lone Star Funds has acquired Italy-based manufacturer of vending and coffee machines products, LSF9 Canto Investments SpA (N&W Global Vending Group, or N&W Group). The acquisition in March 2016 was funded with 262 million equity contribution and 400 million bridge loan facility at the LSF9 Canto Investments SpA level. + The company plans to refinance the bridge loan facility with the issuance of 300 million first lien senior secured notes, and 100 million second lien senior secured facility. + We are assigning our preliminary 'B' long-term corporate credit rating to LSF9 Canto Investments SpA. At the same time, we are assigning our preliminary 'B' issue rating to the 300 million first-lien senior secured notes, preliminary '###+' issue rating to the 100 million second-lien notes, and preliminary 'B+' issue rating to the 40 million revolving credit facility. + The stable outlook reflects our forecast that LSF9 Canto Investments' operational performance should...
