Moody's assigns A-L Parent a B2 CFR following acquisition of the company; outlook stable
New York, November 10, 2016-- Moody's Investors Service assigned A-L Parent LLC, which is the holding company of Learfield Communications, Inc., a B2 corporate family rating and a B1 rating to the proposed $540 million first lien credit facility including a new $65 million revolver and $475 million first lien term loan. The $100 million second lien term loan was assigned a Caa1 rating. The proceeds of the debt offering as well as new equity from Atairos Group, Inc. will be used to fund...
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