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Moody's assigns Ba3 to Four Season loan
Moody's Investors Service said it assigned a Ba3 rating to Four Seasons Hotels Ltd.'s new first-lien senior secured term loan due 2029.
The agency affirmed Four Season’s Ba3 corporate family and bank loan ratings on Aug. 24.
The proceeds will be used to refinance Four Seasons' $900 million first lien senior secured term loan due November 2023.
The outlook is stable.
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