Moody's affirms BJS B3 Corporate Family Rating
New York, January 19, 2017-- Moody's Investors Service, today affirmed the B3 Corporate Family of BJS Wholesale Club, Inc.. "Today's affirmation considers the impact on BJS credit profile of the newly-announced roughly $700 million debt-financed dividend that is being paid to sponsor owners Leonard Green Partners and CVC Capital Partners, which represents the third dividend totaling around $1.8 billion since the September 2011 close of the LBO," stated Moody's Vice President...
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