Moody's rates Shale-Inland notes B3

Moody's Investors Service said it assigned a B3 corporate family and probability of default rating to Shale-Inland Holdings, LLC.

In addition, Moody's assigned a B3 rating to the company's proposed $250 million senior secured notes due 2019.

The outlook is stable.

The proceeds from the proposed note offering will be used to refinance a portion of Shale-Inland's existing indebtedness and to pay related fees and expenses.

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