RR2Ridge Racer 2 (gaming)
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Senior secured rating: GBP530 million Term Loan B (TLB): affirmed at 'BB-(EXP)'/'RR2'/73%
Under the agreement, DuPont Pioneer will receive a royalty-bearing licence to Intacta RR2 PRO technology in Brazil.
Thomas and Buehlmann (8) showed that ROMI-RIP 2.0 (RR2) (9), the USDA Forest Service's rip-first rough mill simulation software, is a valid representation of actual rip-first rough mills when the software is forced to adhere closely to actual rip-first rough mill ripsaw performance.
The genes conferring resistance to rust are Ur-5 from BelNeb RR2, and either Ur-7 from the cultivar GN1140 or unnamed genes from the cultivar `Olathe,' both of which appear in the pedigree of BelNeb RR2.
The waterfall results in a 100% recovery corresponding to an 'RR1' Recovery Rating for the ABL revolver ($200 million) and a 73% Recovery Rating corresponding to an 'RR2' for the first lien revolver ($200 million) and term loan ($2.73 billion).The second lien term loan ($325 million) has zero recovery, corresponding to an 'RR6'.
The goal of this research was to validate the use of ROMI-RIP version 2.00 (RR2) (18) for use in actual cut-up operations.
In addition, Fitch has assigned a first-time rating to Triton Solar US Acquisition Co as the new borrower, and has assigned 'BB'/'RR2' and 'BB-'/'RR4' issue level ratings to the first lien and second lien senior secured facilities, respectively.
Approximately 90.8% of the indicative portfolio has either strong recovery prospects or a Fitch-assigned Recovery Rating of 'RR2' or higher, resulting in a base case recovery assumption of 80.2%.
Fitch has also assigned a 'BB-'/'RR2' rating to Quorum's $30 million secured revolving credit facility (RCF) and $230 million first-lien secured term loan.
Fitch has also assigned a 'BB-'/'RR1' rating to LRAI's senior secured bank credit facility and a 'B+'/'RR2' rating to the senior unsecured notes.
--$30 million first lien secured revolving credit facility 'BB-'/'RR2';
The senior unsecured notes receive the remaining value and recover at an 'RR2' level.