Lincolnshire, Ill.-based human capital management solutions provider Alight Solutions LLC will merge with a special purpose acquisition company. Following completion of the transaction, the company will be a publicly traded company. The company expects to raise about $2.885 billion from the listing, of which it will use about $1.864 billion to pay down existing debt. Therefore, we are placing our 'B' issuer credit rating on Alight, our 'B' issue-level rating on its senior secured debt, and our 'CCC+' issue-level rating on its senior unsecured debt on CreditWatch with positive implications. The CreditWatch placement reflects our expectation that Alight's credit metrics will be consistent with our typical upgrade trigger to a 'B+' issuer credit rating following its proposed debt repayment using
