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Prospect News home > News index > List of issuers M > Headlines for Millennium Laboratories Inc. > News item |
Moody's rates Millennium Labs loans B1
Moody's Investors Service said it assigned a B1 corporate family rating and a B1-PD probability of default rating to Millennium Laboratories, LLC.
The agency also assigned a B1 (LGD 4, 50%) rating to the company's proposed senior secured credit facilities.
The outlook is stable.
Proceeds from the proposed offering will be used to refinance existing debt and fund a distribution to shareholders.
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