TEXT-S&P assigns Hilite Int'l ratings

Newswire

(The following statement was released by the ratings agency) NEW YORK, Feb 20 - Standard & Poor's Ratings Services said today it assigned its 'BB-' corporate credit rating to transmission and engine component supplier Hilite International Inc. At the same time, Standard & Poor's assigned its 'BB-' rating to the company's proposed $235 million senior secured credit facilities comprised of a $50 million five-year revolver and a $185 million term loan tranche B. Proceeds from the ...

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