By  on May 9, 2011

BCBG Max Azria Group Inc. is working to secure a new $230 million term loan to refinance a portion of its debt.

Standard & Poor’s Friday gave the proposed senior secured first-lien term loan a rating of “B-minus.” The debt watchdog also raised BCBG’s corporate credit rating to “B-minus” from “CCC-plus.” The company’s current rating suggests that it has capacity to meet its obligations, but that adverse economic conditions might change that.

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