Moody's rates Things Remembered loans B1

Moody's Investors Service said it assigned B2 corporate family and probability of default ratings to Things Remembered, Inc. and assigned B1 ratings to its proposed $117 million senior secured term loan and $30 million revolving credit facility.

The outlook is stable.

Proceeds from the proposed term loan, an unrated subordinated mezzanine loan, and common equity contributed by Madison Dearborn Partners, its affiliates and co-investors, will be used to fund the acquisition of Things Remembered's parent company, TRM Holdings Corp.

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