Moody's assigns B1 rating to Transtar's DIP term loan
New York, January 19, 2017-- Moody's Investors Service assigned a B1 rating to the $69.7 million super priority debtor-in-possession delayed draw term loan and letter of credit facility, entered into by Transtar Holding Company to provide the company with the necessary liquidity during the Chapter 11 restructuring process. The DIP term loan is provided by the pre-petition first lien lenders that are contributing new money. The rating primarily reflects the collateral...
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