Moody's assigns P(B2) ratings to Parex's new bank loans; assigns B2 CFR; stable outlook
Frankfurt am Main, February 23, 2017-- Moody's Investors Service has today assigned provisional B2 instrument ratings to the proposed EUR865 million senior secured term loan B and senior secured EUR100 million revolving credit facility, to be raised by Dry Mix Solutions Investissements S.A.S. and other intermediate holding companies of French dry mix solutions specialist Parex Group. The term loan proceeds together with EUR48 million of available cash on balance sheet...
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