Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Remy International Inc. > News item |
Moody's gives Remy loan B1
Moody's Investors Service said it assigned a B1 rating to Remy International, Inc.'s new $325 million senior secured term loan.
In a related action, Moody's affirmed Remy's corporate family rating at B1 and probability of default rating at B1-PD.
The outlook is stable.
The new term loan is expected to be used to refinance the company's existing senior secured term loan, add cash to the balance sheet and for general corporate purposes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.