...+ On Oct. 14, 2016, Italy-based manufacturer of vending and coffee machine products, N&W Global Vending SpA (previously LSF9 Canto Investments SpA), issued 300 million first-lien senior secured notes with a 7.0% coupon rate, and 100 million second-lien senior secured notes with a 10.5% coupon rate. The transaction has been executed in line with our preliminary assumptions. + The company is in the process of acquiring Saeco Vending SpA. The acquisition will be funded with a private placement 70 million tap issuance on the existing first-lien senior secured notes. Saeco Vending's acquisition was not included in our original base-case scenario. + We are assigning our 'B' long-term corporate credit rating to N&W Global Vending. At the same time, we are assigning our 'B' issue rating to the 300 million first-lien senior secured notes and the 70 million proposed senior secured tap notes, '###+' issue rating to the 100 million second-lien notes, and 'B+' issue rating to the 40 million revolving...
