Moody's rates new term loan following BWAY's refinance, existing ratings unchanged
New York, December 05, 2016-- Moody's Investors Service assigned a B2 rating to the $1,240 million Senior Secured Term Loan due 2023 of BWAY Holding Company, Inc. The company's B3 Corporate Family Rating, B3-PD Probability of Default rating and other instrument ratings are unchanged. The proceeds from the new loan will be used to replace the existing Senior Secured Term Loan due 2020, pay fees and expenses related to the transaction, and add a small amount of cash to the balance sheet.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.