Moody's says Travel Leaders' upsized first lien term loan has no impact on ratings
New York, January 19, 2017-- Moody's Investors Services said that Travel Leaders Group, LLC's B2 Corporate Family Rating and its instrument-level ratings are not affected by the announced $35 million increase of it upsized first lien term loan to a total of $435 million. While incremental cash is modestly positive for the company's liquidity, Moody's expects TLG will continue to prioritize its cash flows and balance sheet cash for future tuck-in acquisitions and that leverage...
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