Moody's assigns B1 to Nickel Industries notes

Moody's Investors Service said it assigned a B1 rating to Nickel Industries Ltd.’s proposed senior unsecured notes issuance.

The outlook is negative.

Proceeds from the notes are expected to be used to refinance the company’s existing $325 million notes maturing in April 2024 and $225 million notes maturing August 2025.

The B1 rating on the proposed notes issuance is aligned with Nickel Industries’ B1 corporate family rating, Moody’s said.

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