Moody's rates Koosharem loan B2

Moody's Investors Service said it assigned a B2 rating to the proposed $300 million senior secured credit facility of Koosharem Corp.

More specifically, Moody's assigned a B2 rating to the $85 million five-year senior secured revolving credit facility and the $215 million six-year senior secured term loan B and assigned a B2 corporate family rating.

The outlook is stable.

The ratings reflect solid credit metrics for the rating category, a strong market position in California, low levels of customer concentration and good industry demand trends, the agency said.

The ratings are constrained by substantial integration risks, intense price competition and pronounced earnings and margin cyclicality.

© 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.