...- WIN Waste Innovations Holdings Inc. has launched a transaction to raise about $300 million in a term loan B. At the same time, the company plans to extend the maturity of its $477 million revolving credit facility and resize the facility to a slightly lower amount of $429 million, a large portion (about $315) of which will mature in 2028. The remaining will mature in 2026. The proposed debt transaction is against the backdrop of declining debt leverage at the company. - S&P Global Ratings affirmed its '###+' issuer credit and issue-level ratings on the company and placed all ratings on CreditWatch with developing implications. We revised the recovery rating on existing debt to '3' (rounded estimate: 55%) from '4'. We also assigned a '###+' rating and '3 recovery rating to the proposed term loan and revolving credit facilities. - The CreditWatch developing placement reflects the likelihood of a near-term rating action. We could raise ratings, including the '###+' issuer credit rating,...
