...NEW YORK (S&P Global Ratings) Aug. 9, 2016--S&P Global Ratings said today that its issue-level and recovery ratings on UFC Holdings LLC's first-lien term loan and second-lien term loan remain unchanged after the company increased the first-lien term loan by $75 million to $1.375 billion, and decreased the second-lien term loan by $75 million to $425 million. The total amount of debt in the capital structure is unchanged, and there is no meaningful impact to our base-case forecast for UFC. Our issue-level rating on the first-lien term loan remains 'B+'. The '2' recovery rating reflects our expectation for substantial recovery (70-90%; lower half of the range) for lenders in the event of a payment default. The shift to the lower half from the upper half of the '2' recovery range reflects the additional first-lien debt in the capital structure. Our '6' recovery rating and '###+' issue level rating on the company's second-lien term loan are unchanged, despite the decrease in the size of the...
