Moody's assigns first time B2 CFR to Moran Foods LLC
New York, November 10, 2016-- Moody's Investors Service today assigned a Corporate Family Rating of B2 and a Probability of Default Rating of B2-PD to Moran Foods LLC, the parent of Save-A-Lot Holdings, LLC.. Moody's also assigned a B2 rating to the company's proposed $740 million senior secured seven year term loan. The proceeds of the proposed new debt will be used to partially finance the acquisition of all of the issued and outstanding membership units of Moran Foods, LLC and its...
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