Moody's upgrades Block's new notes to Ba3
New York, February 09, 2017-- Moody's Investors Service, upgrades Block Communications, Inc.' s proposed new $500 million unsecured notes issuance to Ba3 from B1. Proceeds from the transaction will be used to refinance the company's existing secured term loan B and unsecured notes. The upgrade of the notes reflects the change to the capital structure which is mostly dominated by one class of debt consisting of unsecured notes.
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