...+ PPT Holdings I LLC, parent of Park Place Technologies LLC, is issuing a $30 million revolving credit facility, a $250 million first lien term loan, and a $115 million second lien term loan. + Proceeds from the debt will be used to repay all existing debt and pay a shareholder dividend. + We are assigning a 'B-' corporate credit rating to PPT. The outlook is stable. + We are also assigning a 'B' issue-level rating to the first-lien facilities and a '###' issue-level rating to the second-lien term loan. + The stable outlook reflects our view that the company's highly recurring revenues will increase in the low-20% area in 2018, attributable to the company's 2017 acquisitions, with an additional 10%-15% of growth from organic revenue, and that gross and EBITDA margins will remain stable into the next year. NEW YORK (S&P Global Ratings) March 22, 2018--S&P Global Ratings today assigned a 'B-' corporate credit rating to Cleveland-based PPT Holdings I LLC. The outlook is stable. At the same...
