Moody's rates Synagro loans B3

Moody's Investors Service said it assigned B3 corporate family and B3-PD probability of default ratings to Synagro Infrastructure Co., Inc.

Moody's also assigned B3 ratings to the proposed first-lien revolving credit facility and term loan.

The outlook is stable.

Moody's said it assigned ratings to Synagro Infrastructure, while noting Synagro Rail, Inc. and Synagro Drilling, Inc. are co-borrowers under the revolver and term loan. All three borrowers are jointly and severally liable on borrowings, and the revolver and term loans are guaranteed by STI Infrastructure Sarl, a holding company.

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