Moody’s: Applied Systems unaffected by loan upsize

Moody's Investors Service said that Applied Systems, Inc.'s proposed $150 million upsizing of its first-lien term loan to help fund a $175 million dividend is a credit negative, but it does not change the company's B3 corporate family rating, B1 first-lien term loan rating, Caa2 second-lien term loan rating or stable outlook.

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