S&P Globalal Ratings said that Viad Corp.'s upsized revolving credit facility and concurrent term loan repayment are leverage neutral and do not impact 'B+' issue level rating and '2' recovery rating on its senior secured credit facilities. Viad Corp. amended its credit facility to increase the lender commitment on its revolving credit facility by $70 million and plans to use the proceeds to repay an equivalent amount of term loans.

Company assume in recovery analysis that 85% of the revolver commitment will be drawn and the amount of secured debt claims will not meaningfully change.