Moody's downgrades Jason's CFR to Caa1 from B3; outlook negative
Approximately $460 million of rated debt affected. New York, February 14, 2017-- Moody's Investors Service downgraded Jason Holdings, Inc. I's Corporate Family Rating to Caa1 from B3; Probability of Default Rating to Caa1-PD from B3-PD; the company's first-lien senior secured credit facilities, consisting of a $40 million revolver expiring in 2019 and a $310 million term loan due 2021, to B3 from B2; the company's $110 million second-lien senior secured term loan due 2022 to Caa3...
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