...- WIN Waste Innovations Holdings Inc. recently extended maturities on a large portion of its existing revolver and its accounts receivable facility, which was also upsized. The company also raised debt and paid down a meaningful portion of its revolver utilization, freeing up availability. - Therefore, we raised our ratings on the company by one notch, including our issuer credit rating to 'B-' from '###+'. We also removed the ratings from CreditWatch Developing, where they were placed on Feb. 18, 2025, following the company's announcement of a proposed financing transaction that has since closed. - The transaction addressed a key credit weakness and improved the company's liquidity position considerably. However, some liquidity-related credit weaknesses remain, constraining further improvement to the ratings at this time. These include our expectation for ongoing negative free cash flow generation, the 2026 maturity of a relatively small portion of the revolver whose maturity was not extended,...
