...+ Lincolnshire, Ill.-based Tempo Acquisition LLC intends to raise an incremental $185 million first-lien term loan and issue $200 million in senior notes to fund a $400 million dividend to its shareholders. + We are affirming all ratings on Tempo, including our 'B' corporate credit rating. + We are also affirming our 'B' issue-level rating on Tempo's first-lien term loan. The '3' recovery rating is unchanged. + We are also affirming our '###+' issue-level rating on Tempo's senior notes. The '6' recovery rating is unchanged. + The stable outlook reflects our expectation that the company will support the additional debt burden with stable to improving operating performance over the next 12 months. TORONTO (S&P Global Ratings) Nov. 15, 2017-- S&P Global Ratings today affirmed its 'B' corporate credit rating on Tempo Acquisition LLC. The outlook is stable. At the same time, we affirmed our 'B' issue-level rating on the company's first-lien term loan (including the $185 million add-on). The...
