Moody's affirms USIC's B3 CFR, assigns 1st and 2nd lien facility ratings; outlook stable
Approximately $885 million of debt securities affected. New York, November 17, 2016-- Moody's Investors Service affirmed USIC Holdings, Inc.' s B3 corporate family rating and B3-PD probability of default rating. In the same rating action, Moody's assigned a B2 rating to the company's proposed first lien senior secured credit facilities, consisting of $85 million revolver due 2021 and $635 million term loan due 2023 and a Caa2 rating to its proposed $165 million second lien senior...
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:
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