Fitch assigns Andino notes BB-

Fitch Ratings said it assigned a BB- expected rating to Andino Investment Holding SA's proposed $130 million senior unsecured notes due 2020.

Proceeds from the debt issuance will be used to repay about $86.5 million in existing bank debt and finance $43.5 million of capital expenditures and general corporate purposes.

Fitch said the ratings reflect Andino's good market position, positive trend in operational results, stable EBITDA margins, high financial leverage and adequate liquidity post issuance.

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