Expleo Group AS has extended the maturities of its revolving credit facility (RCF) to September 2929 and its term loan B (TLB) to March 2030, after completing two asset disposals and using €70 million in proceeds to pay down the senior secured debt--which were conditions to the maturity extension under the amend-and-extend transaction signed in April. Although economic uncertainty and persistent weakness across key end markets continues to affect the company's operating performance, it has improved quarter on quarter. We forecast earnings recovery, underpinned by cost reduction measures and lower nonrecurring expense. As a result, we affirmed our'B-'long-term issuer credit ratings on Expleo and its subsidiaries, and our issue ratings on the group's senior secured debt. We also
