Moody's affirms AVSC's B2 CFR following announcement of debt-funded dividend; outlook remains negative
New York, December 01, 2016-- Moody's Investors Service, affirmed AVSC Holding Corp.' s B2 Corporate Family Rating and B2-PD Probability of Default Rating following the company's announcement that it plans to upsize its senior secured first lien term loan by $80 million to fund a distribution to its equity holders. In connection with this action, Moody's also affirmed the B1 rating on the existing revolving credit facility and the upsized senior secured first lien term loan, as...
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