American Rock Salt Co. LLC is borrowing an incremental $80 million under its $350 million first-lien term loan maturing in 2021. Proceeds will be supplemented with balance sheet cash and applied toward prepaying the company's $120 million second-lien term loan due 2022. We are raising the corporate credit rating on American Rock Salt to 'B' from 'B-'. At the same time, we are revising the recovery ratings on the company's first-lien debt to '3' from '2' and affirming the 'B' issue-level rating on the debt. The company's stable outlook reflects our view that credit measures will remain within the current range over the next 12 months. On May 15, 2015, Standard&Poor's Ratings Services raised its corporate credit rating
