Moody's: Ruby Tuesday notes B3

Moody's Investors Service said it assigned a B3 rating to Ruby Tuesday, Inc.'s proposed $250 million guaranteed senior unsecured notes due 2020.

Moody's also assigned Ruby Tuesday B2 corporate family and probability of default ratings.

The outlook is stable.

In addition, Moody's assigned a SGL-2 speculative grade liquidity rating.

Proceeds from the proposed note offering will be used to repay existing debt, potential share repurchases and acquisitions, the agency 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.