...February 25, 2021 - Vericast Corp. plans to refinance its debt structure and extend its nearest term loan and notes maturities to 2026. If completed, the transaction would alleviate the company's near-term maturity risk, but leverage would remain elevated due to the company's substantial debt burden. - S&P Global Ratings is affirming its '###+' issuer credit rating on Vericast and revising the outlook to stable from negative. - We are assigning our 'B-' rating to the company's proposed first-lien notes and our '###-' rating to its proposed second-lien notes. - At the same time, we are placing our '###+' rating on the company's proposed amended first-lien term loan on CreditWatch with positive implications. If the transaction closes as proposed, we will raise the issue-level rating one notch to 'B-', in line with the proposed first-lien notes. - The stable outlook reflects our view that if the proposed refinancing is successful, Vericast will have no imminent liquidity or refinancing risks...
