Moody's cuts Wilsonart loan

Moody's Investors Service said it affirmed the B2 corporate family and probability of default ratings of Wilsonart LLC.

Moody's also downgraded the company's proposed senior secured bank credit facility to B2 from Ba3.

The outlook is stable.

Moody's said the downgrade reflects the change to an all first-lien bank debt capital structure rather than the bank debt and unsecured note structure that had been previously proposed.

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