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Prospect News home > News index > List of issuers J > Headlines for J. Crew Group Inc. > News item
Published on 3/27/2017 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Moody’s: J. Crew exchange is credit negative

Moody's Investors Service said that J. Crew Group, Inc.'s (Chinos Intermediate Holdings A, Inc., Caa2 negative) proposal to holders of its 7¾%/8½% HoldCo PIK toggle notes due 2019 (with outstanding amount of $543 million) to exchange into new $200 million 9% notes due 2021 (IpCo notes) is credit negative for the term loan.


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