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Published on 10/25/2010 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Moody's: Reddy Ice unchanged

Moody's Investors Service said Reddy Ice Holdings, Inc.'s news that it has amended and restated its credit agreement, consisting of a $50 million revolving credit facility, does not affect the B3 corporate family and probability of default ratings, $12 million 10½% senior discount notes due 2012 at Caa2 (LGD 6, 96%) and speculative grade liquidity rating at SGL-3.

Reddy Ice Corp.'s $300 million first-lien senior secured notes due 2015 at B2 (LGD 3, 37%) and $139 million second-lien senior secured notes due 2015 at Caa2 (LGD 5, 84%) are not affected by the credit agreement.


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