Moody's says NEP's loan upsize is credit negative but will not impact the ratings
New York, December 15, 2016-- Moody's Investors Service says NEP Europe Finco B.V.' s upsize of its B1 rated senior secured first lien term loan by EUR15 million to EUR285 million from EUR270 million will not affect the company's ratings including the B2 Corporate Family Rating assigned to the parent company NEP/NCP Holdco, Inc.. The increased debt will be used for general corporate purposes that Moody's believes will include capital investments and acquisitions.
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