Moody's: Wastequip revolver Ba2, loan B3

Moody's Investors Service said it assigned a B2 corporate family rating and probability of default rating to Wastequip, LLC.

In addition, Moody's said it assigned a Ba2 rating to the proposed $40 million first out senior secured revolving credit facility and a B3 rating to the proposed $150 million first lien senior secured term loan.

The outlook is stable.

"The proposed recapitalization is expected to substantially improve Wastequip's capital structure and benefit cash flows as interest burden and debt amortization requirements are reduced," said Moody's analyst Brian Grieser in a news release.

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