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Commentary & Deal Flow

RATED: S&P rates Kelvion E425m 5NC1 sr sec FRN B

HYC European Market: Deal Flow - General

S&P rates Mangrove LuxCo III Sarl (Kelvion) (MANGRV) EUR425m sr sec FRN due 2029 (5y) B (stable). Via DB+. S&P also upgraded the issuer credit ratings to B from B-.