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Moody’s rates USI notes Caa1
Moody's Investors Service said it assigned a Caa1 rating to $620 million of eight-year senior unsecured notes being sold by USI, Inc.
USI will use the proceeds to refinance its senior unsecured notes maturing in May 2025, also rated Caa1, and pay related fees and expenses.
The outlook for USI is unchanged at stable.
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