...+ Brookfield Business Partners together with Caisse de dTp(t et placement du QuTbec plan to purchase the Power Solutions business of Johnson Controls International for $13.5 billion. The companies expect the acquisition to close by June 30, 2019. + The new owners will fund the transaction by securing a $500 million asset-based lending (ABL) facility (unrated), a $750 million revolving credit facility (RCF), a $3.2 billion term loan B, a $2.25 billion euro-denominated term loan B, $2 billion of senior secured notes, $750 million of euro-denominated senior secured notes, and $1.95 billion of senior unsecured notes. + We are assigning our 'B+' issuer credit rating to Panther BF Aggregator 2 L.P. (Power Solutions). + At the same time, we are assigning our 'B+' issue-level rating and '3' recovery rating to the proposed secured debt and our 'B' issue-level rating and '5' recovery rating to the proposed unsecured debt. + The stable outlook reflects our view that, while Power Solutions' debt to...
