Article: Burke Industries Assigned 'B+' Senior Unsecured Debt Rating by Standard & Poor's

NEW YORK, April 13 /PRNewswire/ -- Standard & Poor's today assigned its single-'B'-plus senior unsecured debt rating to Burke Industries, Inc.'s $30 million floating interest rate senior notes due 2007, to be issued under Rule 144A. The company's single-'B'-plus corporate credit rating and senior unsecured debt ratings were affirmed.

The outlook was changed to negative from stable.

Burke, a modest-sized manufacturer of engineered silicone, rubber, and vinyl-based products, recently announced the planned acquisition of Mercer Products Co. Inc., which will be mostly debt-financed. Mercer's extruded plastic and vinyl flooring products and East ...

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