Moody's gives U.S. Ecology loans Ba3

Moody's Investors Service said it assigned Ba3 corporate family and Ba3-PD probability of default ratings to U.S. Ecology, Inc., as well as Ba3 ratings on the proposed first-lien $125 million revolving credit facility and $415 million term loan.

The liquidity rating is SGL-2 and the outlook is stable.

The $415 million term loan, together with cash on hand, is expected to finance the purchase of EQ Holdings, Inc. for $465 million in total consideration.

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