Moody's: Transtar unaffected

Moody's Investors Service said Transtar Holding Co.'s ratings are unaffected by the proposed first-lien term loan increase to $320 million from $295 million and concurrent second lien term loan decrease to $140 million from $165 million.

Pricing on the first-lien term loan has also been modestly reduced.

The transaction is leverage neutral and will reduce gross interest expense, providing a slight boost to cash flow, the agency said.

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