BCP Renaissance Parent LLC expects to issue a $1.2 billion term loan B due 2024. BCP Renaissance will use the proceeds to fund the acquisition of an interest in Rover Pipeline LLC, fund construction at Rover Pipeline, and fund reserves. We are assigning our 'B+' corporate credit rating to BCP Renaissance. The outlook is stable. At the same time we are assigning our 'B+' issue-level rating and '3' recovery rating to its senior secured term loan. The stable outlook reflects our expectation that Rover Pipeline will be fully operational by the first quarter of 2018 and BCP Renaissance has enough liquidity and will receive sufficient distributions from Rover to cover its debt service obligations. On Sept. 12, 2017, S&P Global
