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Moody's rates Metals USA loan B2
Moody's Investors Service said it assigned a B2 rating to Metals USA Inc.'s proposed $275 million term loan.
The outlook is stable.
The proceeds from the proposed term loan are expected to be used to redeem the company's existing 11 1/8% senior secured notes along with tender premiums and associated fees and expenses and to pay down a portion of the company's asset based lending facility.
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