TEXT-S&P affirms HHI Holdings LLC 'B+' corp credit rating


(The following statement was released by the rating agency) -- Auto supplier HHI Holdings LLC proposes to increase its term loan B by $30 million to partly fund a $50 million dividend to its owners. Existing cash and borrowings under the revolving credit facility will also be used. -- We believe the company's debt to EBITDA including our adjustments will remain under 3.5x even after issuing the new debt. -- The additional borrowings do not have any impact on, and we are affirming, our ...

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