New York-based provider of alternative legal services DTI Holdco Inc. (doing business as Epiq) intends to refinance its existing capital structure with proceeds from a new first-lien and second-lien term loan. We raised our issuer credit rating on the company to 'B-' from 'CCC+' because the transaction will extend its maturity profile and provide it with additional liquidity. At the same time, we assigned our 'B-' issue-level rating and '3' recovery rating to Epiq's proposed first-lien credit facilities. We do not rate the second-lien term loan. The stable outlook reflects our expectation for a modest rise in the company's revenue and stable EBITDA margins such that its S&P Global Ratings-adjusted leverage is maintained in the low-6x area while it sustains
