Moody’s rates Reno De Medici notes B2

Moody’s Ratings said it assigned a B2 rating to Reno De Medici SpA’s planned €590 million of senior secured floating rate notes maturing in 2029.

The agency said it also affirmed the B2 rating on the company's existing senior secured bonds.

The proceeds will be used to fund the refinancing of the company's €445 million of senior secured bonds and the €126 million term loan raised last year to fund the Fiskeby acquisition and cover the related transaction fees.

The outlook remains stable.

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