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Moody's rates Osmose loans B1
Moody's Investors Service said it assigned B1 ratings to Osmose Holdings, Inc.'s proposed $265 million senior secured credit facilities.
Moody's also assigned a B1 corporate family rating and a B2 probability of default rating to Osmose.
The outlook is stable.
Proceeds from the transaction will help finance the leveraged buyout of Osmose by investment funds managed by Oaktree Capital Management, LP.
"The leveraged buyout transaction will add significant debt to Osmose's balance sheet and result in credit metrics consistent with the B1 rating level given the company's business profile," Moody's analyst Ben Nelson said in a news release.
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