Moody's Ratings appends "/LD" to Flexsys' PDR following distressed exchange and assigns ratings to new revolver and term loans; outlook remains negative
Moody's Ratings (Moody's) appended a limited default (/LD) designation to Flexsys, Inc.'s probability of default rating (PDR), revising it to Caa2-PD/LD from Caa2-PD. This follows the company's new debt financing and maturity extension transaction of its existing first lien term loan which is consid...
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