Logistics and transportation solutions provider Odyssey Logistics and Technology Corp. is being acquired by The Jordan Company for a combination of debt and equity. Odyssey is issuing a first-lien facility (which comprises a $50 million revolver and a $245 million first-lien term loan) and an $85 million second-lien term loan to fund the acquisition. We are assigning our 'B' corporate credit rating to Odyssey Logistics and Technology Corp. At the same time, we are assigning our 'B+' issue-level rating and '2' recovery rating to the company's first-lien facility and our 'CCC+' issue-level rating and '6' recovery rating to the second-lien term loan. The stable outlook reflects our expectation that Odyssey will generate some organic growth, benefit from its recent acquisitions,
