Moody's: OSP unchanged

Moody's Investors Service said that OSP Group, Inc.'s proposed $50 million increase to its first-lien term loan and $20 million increase to its (unrated) second-lien term loan to finance a dividend to shareholders is a credit negative. However, the company's ratings are unaffected.

The company has a B2 corporate family rating and a B2 probability-of-default rating, and its senior secured first-lien term loan due 2020 is rated B1 (LGD3, 40%).

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