Moody's affirms Aptean's B3 CFR, Rates new 1st and 2nd Lien Credit Facilities B2 and Caa2
Approximately $730 million of rated debt affected. New York, November 29, 2016-- Moody's Investors Service, affirmed Aptean, Inc.' s B3 corporate family rating and B3-PD probability of default ratings and assigned B2 ratings to its proposed first lien term loan and revolver, and a Caa2 rating to its proposed second lien term loan. The proceeds from the approximately $660 million of funded debt is being used to refinance existing debt and to fund a dividend to private equity owners,...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.