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Moody's assigns B2 to Windsor notes
Moody's Investors Service said it assigned a B2 rating to Windsor Holdings III, LLC’s planned sale of senior secured notes.
The rating is the same as that assigned to Windsor’s senior secured loans.
The proceeds will be used to partially fund the acquisition of Univar Solutions, Inc. by Apollo Global Management, Inc.
Univar shareholders approved the deal on June 6, which is subject to regulatory approvals. Once the transaction closes and Univar's debt is repaid, Moody's will withdraw the ratings assigned to Univar Solutions, Inc.
The outlook is stable.
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