...- U.S.-based LSF9 Atlantis Holdings LLC (doing business as Victra) is issuing $600 million of debt to finance its acquisition of Go Wireless Holdings Inc., the fifth-largest exclusive retailer for Verizon. - We assigned our 'B' issuer credit rating to LSF9 Atlantis Holdings LLC. - We also assigned our 'B' issue-level rating and '3' recovery rating to the company's proposed $600 million first-lien term loan. Concurrently, we affirmed our 'B' issue-level rating on the company's senior secured notes and revised the recovery rating to '3' from '4'. - The stable outlook reflects our expectation for steady operating performance as the company integrates Go Wireless while maintaining S&P Global Ratings-adjusted leverage in the mid-to-high 4x area. NEW YORK (S&P Global Ratings) March 11, 2022--S&P Global Ratings today took the rating actions listed above. While the acquisition expands Victra's geographic reach and exposure to Verizon, it comes with integration and execution risk. Victra's acquisition...
