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Moody’s rates Monitronics on bankruptcy exit
Moody's Investors Service said it assigned ratings to Monitronics International Inc., which is expected to emerge from bankruptcy shortly.
The agency assigned a corporate family rating of Caa1 and a probability of default rating of Caa1-PD.
Moody's gave Monitronics' new first-lien superpriority debt, including a $145 million revolver and a $150 million term loan, a B1 rating.
The agency also gave a Caa2 rating to a new $822.5 million first-lien term loan.
In addition, Moody’s assigned a speculative grade liquidity rating of SGL-3 to the company.
The outlook is stable.
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