CPV Shore Holdings LLC (CPV Shore) issued a $325 million seven-year senior secured term loan B (TLB) that matures in 2032, a $61 million seven-year senior secured term loan C (TLC) that matures in 2032, and a $50 million five-year senior secured revolver (revolver) that matures in 2030. CPV Shore used the TLB proceeds to repay existing debt of about $361 million, with an additional $80 million cash contribution from sponsors that was also used to pay transaction costs and fund an operating reserve. The project also replaced the existing $95 million revolver with the new $61 million TLC and $50 million revolver. S&P Global Ratings assigned its 'B+' issue-level rating and ?2? recovery rating to CPV Shore's TLB and
