Moody's affirms HHI Holdings

Moody's Investors Service said it affirmed the corporate family and probability-of-default ratings of HHI Holdings, LLC at B2, following the company's re-sizing of its proposed senior secured term loan facility to $200 million from $240 million.

The rating on the proposed senior secured term loan was affirmed at B3 (LGD4, 60%).

The outlook is stable.

Proceeds will be used to help fund a special dividend to the company's shareholders and to refinance debt.

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