Moody's affirms Alliance Laundry

Moody's Investors Service said it affirmed the long-term debt ratings of Alliance Laundry Systems LLC in response to the company's $60 million increase to its senior secured term loan.

Ratings affirmed include a B1 rating on Alliance's $55 million senior secured revolver due 2011, a B1 rating on its $177 million senior secured term loan due 2012, a B3 rating on its $150 million senior subordinated notes due 2013 and a B1 corporate family rating.

The outlook is stable.

Moody's said key factors impacting Alliance's ratings include its leading market position in the North American stand-alone commercial laundry equipment market serving laundromats, on-premises laundry and multi-housing sectors and its capacity to produce stable operating performance based on steady demand trends in the commercial laundry machine industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.