Moody's assigns OUTFRONT Media's proposed first lien term loan a Ba1 rating; outlook stable
New York, March 06, 2017-- Moody's Investors Service assigned a Ba1 rating to OUTFRONT Media Inc's subsidiary, Outfront Media Capital LLC's new $430 million revolver due 2022 and proposed $670 million term loan B due 2024. The existing Ba3 corporate family rating of OUTFRONT Media Inc. and the B1 rated senior unsecured notes due 2022, 2024, and 2025 issued by its subsidiary will remain unchanged. The use of proceeds of the term loan is the repayment of the existing $660 million...
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