...- EagleView Technology Corp. will continue posting free operating cash flow (FOCF) deficits through 2024 due to high capital expenditures, heightened interest expense, and weaker-than-expected operating performance. We forecast the company will burn cash in 2024, requiring it to use existing cash resources to fund operations. - The company's revolver and first-lien term loan maturities come due in 2025 heightening refinancing risk amid the free operating cash flow deficits and worsening liquidity. - Therefore, we lowered our issuer credit rating on EagleView to '###' from 'B-'. We lowered our issue-level ratings on its first-lien credit facility to '###+' and second-lien term loan to '##'. - The negative outlook reflects the risk that we could lower our ratings further if liquidity weakens significantly and the company is unable to refinance, increasing the likelihood of a default or distressed transaction....
