Moody's: Viacom unchanged

Moody's Investors Service said that Viacom Inc.'s Baa1 senior unsecured long-term debt rating remains unchanged following news that it entered into a new $2 billion revolving credit facility to replace the existing $3.25 billion revolver, which was set to expire later this year.

The new revolver matures in October 2013 and provisions under the new credit agreement, including representations, warranties, covenants and events of default, substantially mirror the old one, Moody's said.

© 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.