Moody's says LTS's incremental 1st lien term loan has no immediate impact on ratings or outlook
New York, November 02, 2016-- Moody's Investors Service, said LTS Buyer LLC announced that it is raising an incremental $290 million 1st lien term loan. The incremental term loan has no immediate impact on LTS Group Holdings LLC's B2 corporate family rating, B2-PD Probability of Default rating and other instrument ratings as well as the stable outlook. The proceeds of the term loan will be used to repay the existing $283 million 2nd lien term loan, pay related fees and expenses, and add...
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