Moody's affirms IRI's B2 CFR, assigns Ba3, Caa1 ratings to new secured debt after dividend recap
$1.33 billion of debt affected. New York, December 07, 2016-- Moody's Investors Service affirmed Information Resources, Inc.' s B2 Corporate Family Rating and B2-PD Probability of Default Rating, and assigned Ba3 ratings to its new, $900 million, first-lien Term Loan B and $80 million first-lien revolver, and a Caa1 rating to its new, $350 million second-lien term loan. Proceeds from the new term loans will be used to pay down all of IRI's existing, approximately $598 million of term...
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