Moody's: ADMI Corp.'s add-on term loan is credit negative; ratings unaffected
New York, February 23, 2017-- Moody's Investors Service said that ADMI Corp.' s proposed $175 million first lien term loan add-on, and the $15 million increase in senior unsecured notes is credit negative, but does not impact the company's credit ratings. These include the B2 Corporate Family Rating, B2-PD Probability of Default Rating and B1 rating on the first lien senior secured credit facilities. The rating outlook remains stable.
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