Moody's assigns Ba1 rating to Midcontinent's proposed credit facility
New York, November 09, 2016-- Moody's Investors Service has assigned a Ba1 instrument-level rating to Midcontinent Communications' proposed $285 million senior secured term loan B. In connection with the transaction, the company will also upsize its existing $125 million revolving credit facility to $250 million. Proceeds from the new term loan, along with a combination of cash on hand and revolver usage will be used to pay off the company's existing term loans A and B, purchase...
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