S&P gives Maidenform loan BB+

Standard & Poor's said it assigned its bank loan and recovery ratings to Maidenform Brands Inc.'s $150 million senior secured bank financing, which consists of a seven-year, $100 million term loan facility and a five-year, $50 million revolving credit facility.

The agency said that the facility is rated BB+, two notches above the corporate credit rating on the company, with a recovery rating of 1.

The proceeds were used to refinance the company's existing indebtedness, S&P noted.

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